Europe Set to Race Past US in Battery Manufacturing

greentechmedia.com

11 pointsBhilai2 comments

I do not want to be negative but EU is going to spend 100 bilion on battery tech. But the results? We will see.

EU is currently spending tens of bilions for developing its tech scene. There is entire ecosystem of companies big, medium and small that mastered getting access to EU innovation funds. But the projects that these money are used for? They die a quiet death when EU money dry up.

https://ec.europa.eu/growth/industry/innovation/funding_en

The result will be few german corporations (Siemens etc) receiving non repayable direct money transfers.

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