The CDTI invests, together with EIT Innoenergy and Enagás, Basquevolt, business development of solid state array
The CDTI, through its programme, together with Innvierte EIT Innoenergy and Enagás — through its subsidiary Enagás Undertakes — has reached an agreement with the partners of BASQUEVOLT, S.A. to make a further contribution to the company, which is partner since 2022
BASQUEVOLT, basque initiative solid state array, was launched in june 2002, including as founding shareholders to basque government, Iberdrola, CIE Automotive, Enagás, EIT and KICS InnoEnergy energiGUNE. In october this year the CDTI, through its programme Innvierte, joined as a shareholder of society.
BASQUEVOLT partners have reached a new funding agreement with the company with which It planned to implement its mass production within 5 years, based on an investment of more than eur 700 million, and that will be able to generate more than 800 direct jobs.
The first phase of BASQUEVOLT is located in the Parque tecnológico de Álava, in the building Marie Curie (Albert Einstein, 35), located a few metres from ICC energiGUNE. The centre, which will offer its technological backup BASQUEVOLT, based on more than 10 years of work of research in the area of solid state array, has a team of researchers led by Michel Armand - “ parent ” the electrolyte solid polimérico-. In this regard, the BASQUEVOLT technology is based on the use of a composite electrolyte patented by the basque centre.
The promoters of BASQUEVOLT are aware that lithium batteries with liquid electrolyte are reaching their state of maturity and that the next technological progress to free the true potential of the storage of energy, it must come from. The initial objectives of the company are the development of prototype cells and a pilot production line in 2027, with the ambition to begin production in 2029. The new technology will allow widely exceed energy density of the current storage solutions. Thanks to its technological base, BASQUEVOLT aspires to become the european leader in solid state array.
Specifically, BASQUEVOLT aims for the sustainable development - and of the best materials and battery cells that make possible the massive deployment of the electric transport, storage of energy, including the hybridization stationary systems – gas Hydrogen and portable devices.
EIT INNOENERGY
EIT InnoEnergy operates in the centre of energy transition and is the main engine of innovation in sustainable energy. Provides technology, innovation in business models and skills needed to speed up the green agreement, move towards the european goals of decarbonisation and reindustrialisation projects, and enhance energy security.
Recognized as the main business venture and investment in clean technologies and blue economy of europe in 2023 for Startup Genome, as one of the 10 most active deeptech investors in europe by 2023 by Sifted investor and as a more active role in the energy sector by 2022 for Pitchbook, InnoEnergy supports innovations in various areas. These include the storage of energy, transport and mobility, renewable energies, energy efficiency, difficult to curtail industries, smart grids and buildings and sustainable cities.
InnoEnergy has amassed a portfolio of over 200 companies, according to estimates, will generate revenues of eur 110 billion and will save 2.1 million tons of CO2e accumulated by 2030. Together, these companies have raised more than 9 eur 700 million in investments to date.
InnoEnergy is the driving force of three strategic european initiatives: the european alliance of Batteries (EBA), the centre for the acceleration of Green Hydrogen (EGHAC) and the european alliance of Photovoltaic Solar industry (ESIA).
InnoEnergy was established in 2010 and has the support of the european institute of innovation and technology (EIT), a body of the european Union. Since its establishment, InnoEnergy has reviewed more than 7,000 new companies, has launched more than 300 products to market, and has overseen the introduction of more than 370 patents by businesses of its portfolio. At present, InnoEnergy has a trusted ecosystem consisting of over 1,200 partners and 35 shareholders and a team of over 200 people with offices throughout europe and in Boston (USA) www.innoenergy.com..
ENAGAS UNDERTAKES
Enagás Undertakes is the Corporate Venture of Enagás for investment and acceleration of startups and innovative technologies in the area of energy transition with special emphasis on renewable gases (Biogas and hydrogen), decarbonisation of the gas industry value chain, sustainable mobility, energy efficiency, digitization and cleantech. Together with BASQUEVOLT, Enagás Undertakes or promoted has invested a total of 13 companies since its inception in 2015, among which are H2Greem (green hydrogen production), E4Efficiency (ecological cold), Scale Gas (LNG infrastructures and small-scale renewable), Trovant (upgrading biogas) or Satlantis (satellite technology), among others. In Addition, Enagás Undertakes complements its investment strategy with the launch as sponsor of a venture capital – Klima Energy Transition Fund – for investment in the Area of energy transition in mature stages of development and is participating in the biggest infrastructure fund Hy24 hydrogen.
CDTI Innovation
The CDTI innovation is the public funding of innovation of the ministry of science, innovation and universities that promotes innovation and technological development of spanish companies, channeling requests for funding and support for r & D & I projects of spanish entities at the state and international levels. We Contribute to the improvement of the technological level of spanish companies and drive and, with an international network with coverage of 51 countries support the spanish participation in international programmes for technology cooperation and the international transfer of technology.
Additionally, through the initiative Innvierte Sustainable Economy, supports and facilitates the capitalization of technology companies. Since 2012 and to date, the CDTI Innovation, through Innvierte, has committed over 792 M €in 28 investment vehicles that have invested in more than 250 businesses, and through its joint investment line directly committed an amount of more than 470 M €in 151 companies.
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