European Commission: a new Battery Booster Facility "mobilising up to €1.5Bn from EU ETS"

A new Battery Booster Facility is formally established by the European Commission, "mobilising up to €1.5Bn from EU ETS in the Innovation Fund. The Booster will help battery cell manufacturers to ramp up production in Europe", announces the institution on 09/06/2026.

"For the first time, the Commission will provide direct support in the form of interest-free loans. The Facility will catalyse private investment, accelerate industrial deployment and strengthen Europe's industrial competitiveness and strategic autonomy in clean technologies", it specifies.

The eligible projects will be required to meet the following conditions:
• They must produce battery technology suitable for use in electric vehicles (EVs), although off takers may use the products for other purposes.
• Production must be located within the European Economic Area (EEA), with a minimum production capacity of 10GWh.

Commission adds that "the maximum loan amount per project is €500M. The loan instrument has been chosen over traditional grants to encourage sound capital management, drive companies towards commercial…