The future of batteries needs more than venture capital
Today I look at where funding for Verkor’s gigafactory is coming from. I also have some thoughts on developer portals, 3D-printed prefabs and quick delivery. — Anna
The future of batteries
French battery maker Verkor secured more than €2 billion (around $2.1 billion) to build its Dunkirk gigafactory, which is set to be operational by 2025, with an initial production capacity of 16 GWh/year.
There’s a lot to be discussed about gigafactories, the future of batteries and the green transition. For instance, that demand isn’t due to just EVs. Or how recycling might look. But what struck me the most about Verkor’s announcement is where its funding is coming from.
I’m a journalist who specializes in investigative reporting and writing. I have written for the New York Times and other publications.