Jun 13, 2024

Saft, a Total Company, to Invest Over 200 Million Euros in Next-Generation Battery Technology

Saft, the French battery manufacturer and a subsidiary of Total, announced on Friday its ambitious plans to invest more than 200 million euros (approximately 175.2 million pounds) in a groundbreaking European battery alliance project. This initiative, formed in partnership with Siemens, Solvay, and Manz earlier this year, aims to pioneer the development of a new generation solid-state battery capable of competing with established manufacturers from Asia and the United States.

According to Saft, the funding contributions from its alliance partners are still under negotiation. The company intends to finance part of this investment internally, with additional support anticipated from the European Union, which has committed to bolstering Europe’s battery sector.

Europe currently trails behind global competitors in battery technology, forcing European automakers to rely on dominant Asian suppliers like Panasonic, Samsung SDI, and BYD as electric vehicle demand escalates.

Saft’s strategic objective is to achieve competitive solid-state battery technology by 2025, promising batteries that deliver twice the performance of current market offerings. These next-gen batteries are projected to support 5,000-10,000 charge and re-charge cycles, ensuring over a decade of service life for electric vehicles and a calendar life of up to 20 years.

“The timeline involves showcasing a prototype cell at the laboratory level by the fourth quarter of 2019, followed by the establishment of a 2 megawatt-hour (MWh) pilot line by Q4 2021,” stated Saft.

Successful development milestones include scaling up to a 1 gigawatt-hour manufacturing standard block by the fourth quarter of 2023, with plans to expand production further based on market demands starting in 2024.

If realized, this initiative promises to significantly bolster Europe’s standing in the global battery market, marking a crucial step towards achieving sustainable and technologically advanced energy solutions.

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