How much money does Slovakia invest in electromobility?

It is worth EUR 1.2 billion and it focuses on battery production. Slovakia secured another significant investment on electromobility. A joint undertaking of the Chinese Group Gotion and the Slovak Company InoBat plans to construct a battery production plant for electric vehicles in the Lower Nitra Region.

Where will the first battery Gigafactory be located in Slovakia?

The first battery gigafactory in Slovakia will be located in Šurany on a 95-hectare area and will create thousands of jobs. In the initial development stage, it will have a capacity of 20 GWh with the further potential to reach a capacity of up to 40 GWh.

What is the Slovak Battery Alliance?

Topics from the energy sector clearly promoted battery storage as a necessity for industry and independent energy solutions based mainly on renewable energy sources. The Slovak Battery Alliance (SBaA) is an independent advocacy group.

What are flow batteries used for?

Flow batteries help create a more stable grid and reduce grid congestion and fill renewable energy production shortfalls for asset owners. Global R&D is fueling the development of flow battery chemistry by significantly enabling higher energy density electrodes and also extending flow battery applications.

Why is the gotion a good investment in Slovakia?

Ministry of Economy of the Slovak Republic believes that the investment in question will enhance an economic development of Slovakia and will contribute to increase its innovation potential. The Gotion is a pioneer in energy batteries, being also the first company in this industry that entered the capital market in China.

Are iron flow batteries better than Li-ion batteries?

Iron flow batteries have a longer asset life than Li-ion batteries. Battery manufacturers are collaborating with utility companies to implement iron flow battery projects, aiming to replace diesel-fueled power generation with the more environmentally friendly flow battery system.