Co-designed by industry players and public and private financial institutions, the Business Investment Platform (BIP) accelerates transactions in the European battery value chain.
During the European Battery Alliance’s (EBA) EBA250 stakeholder meeting, EIT InnoEnergy, Europe’s largest sustainable energy innovation engine, launched the online Business Investment Platform (BIP) for the battery value chain, to accelerate transactions between investee and investor.
The new Business Investment Platform
The EBA reconfirms that the business size of the European battery value chain will represent more than EUR 250 billion annually, by 2025. Designed to bridge the gap between financial institutions and businesses, the BIP will shorten time to investment and substantially reduce the associated risk for both parties by facilitating and coaching businesses, thus enhancing the robustness of investment cases in all required dimensions (technology, team, supply chain, environmental sustainability, off-takers).
The BIP’s impressive network, formed via EIT InnoEnergy and the EBA’s networks, includes public and private financial institutions and more than 300 industrial innovation and academic stakeholders.
The future is electric. Batteries are quickly becoming the cornerstone of the energy transition and EUR 70 billion of front-loaded investments in batteries are required to meet peak European demand by 2023.
Diego Pavia, CEO at EIT InnoEnergy
In October 2017, VP of the European Commission, Maroš Šefčovič, gave EIT InnoEnergy the mandate to lead the implementation of the EBA. Its objective is to enable the transition to electromobility, keeping the value created in Europe.
Already utilising the platform are several industry and financial institutions, for a net worth potential investment value of more than EUR 20 billion.