Image: SUNLIGHT. A €105 million (US$127.6 million) push to develop low-cost, environmentally-friendly lithium-ion battery technology by Sunlight, a designer and manufacturer of batteries headquartered in Greece, will receive €49.9 million in grant funding.
Of its EUR-560-million business plan, the company will invest EUR 450 million to boost its sales network and production capacity up to 6.3 million battery cells by the end of 2023. This effort includes investment in equipment and mergers and acquisitions.
Specialist battery company Sunlight, a member of Olympia Group, will significantly increase manufacturing capacity and create new jobs at its state-of-the-art plant in Xanthi, northern Greece, following a €25 million, 10-year loan from the European Investment Bank (EIB) which was confirmed earlier in Athens today.
A company spokesperson told Energy-Storage.news today that Sunlight wants the lithium battery technologies it develops to play a key role in areas including automated guided vehicles, electric buses and shipping, as well as in “smart storage systems for renewable energy sources”.
Sunlight is currently the third largest manufacturer of batteries in the global motive power battery industry, with about €1 billion of consolidated annual sales and a workforce of approximately 3,100 people.
EIB offers funding of €25 mln to Sunlight | eKathimerini
Specialist battery company Sunlight, a member of Olympia Group, will significantly increase manufacturing capacity and create new jobs at its state-of-the-art plant in …
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Sunlight Group gets €140 million loan for battery manufacturing
Greece-based battery manufacturer Sunlight Group has secured a €140 million (US$136 million) loan for its manufacturing and R&D investments. The €140 million syndicated bond loan is made up of €87.5 million in Recovery and Resilience Facility funds, the EU-wide programme to mitigate the negative effects of the Covid pandemics ...
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SUNLIGHT
Greece Description. The project concerns the development of a pilot line to produce prototype Li-Ion cells in a greenfield building adjacent to the current Xanthi manufacturing plant. The pilot line and RDI facilities are located in Xanthi, in a cohesion (less developed) region in the North-Eastern part of Greece, with a nominal ...
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Newsroom
Launch of ReLiFe: A game-changer lithium batteries recycling project Initiative receives EU funding to support lithium-powered e-mobility, vertical integration, and energy transition. Read Article Recycling more than doubles production capacity The expansion will bring the facility to the top of single unit recycling plants. Read Article President of the Hellenic Republic visits …
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Sunlight''s state-subsidized 105 million-euro …
The Development Ministry has approved an investment of 105.26 million euros in battery producer Sunlight, including the creation of a research and development center in Athens and a pilot line for the production …
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Global Energy Storage Systems
Sunlight Group continues global expansion with new lithium battery facility in North Carolina Read article Sunlight Group receives funding from Recovery and Resilience Facility and Greek banks for €175m investment project Read article Sunlight Group grows lead-acid production capacity to reach 9GWh Read article ...
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NSRF to support SUNLIGHT''s research project on the …
SUNLIGHT''s total investment comes to €105.26 million, with NSRF funding amounting to €49.9 million, which covers 47% of the total cost of the project. The SUNLIGHT research project aims to develop innovative lithium battery technologies for the energy storage sector, focusing on new technologies that will usher in a clean ...
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Greek battery firm Sunlight investing in capacity, lithium R&D
Of its EUR-560-million business plan, the company will invest EUR 450 million to boost its sales network and production capacity up to 6.3 million battery cells by the end of 2023. This effort includes investment in equipment and mergers and acquisitions.
Learn More
In Greece, Maria makes batteries smarter
Maria Kapoula had some luck finding a job as a mechanical engineer in Athens, but she''s taking the opportunity to help develop a remarkable Greece technology innovation—lithium battery that can be monitored remotely via the Internet.
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Greece: EIB to support innovative battery production with €25 …
Specialist battery company Sunlight, a member of Olympia Group, will significantly increase manufacturing capacity and create new jobs at its state-of-the-art plant in Xanthi, northern Greece, following a €25 million, 10-year loan from the European Investment Bank (EIB) which was confirmed earlier in Athens today.
Learn More
Volkswagen and PowerCo Make Strategic Investment in North …
The binding offtake commitment covers the supply of 100,000 tonnes of spodumene concentrate per year for a period of 10 years as soon as the Shaakichiuwaanaan Project starts production. The lithium-bearing mineral is key for the production of battery-grade lithium chemicals. The offtake represents a key strategic milestone in ramping-up PowerCo ...
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Sunlight appoints Mantzoufas as chief funding officer for giga project …
February 1, 2024: The Sunlight Group has appointed Nikos Mantzoufas (pictured) as chief funding and institutional affairs officer for construction of a lithium ion cells gigafactory project in Greece. The lead and lithium battery manufacturer said on January 17 Mantzoufas would also be responsible for the integration and monitoring ...
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Greece: EIB to support innovative battery production …
Specialist battery company Sunlight, a member of Olympia Group, will significantly increase manufacturing capacity and create new jobs at its state-of-the-art plant in Xanthi, northern Greece, following a €25 million, 10 …
Learn More
EIB offers funding of €25 mln to Sunlight | eKathimerini
Specialist battery company Sunlight, a member of Olympia Group, will significantly increase manufacturing capacity and create new jobs at its state-of-the-art plant in Xanthi, northern Greece, following a 25-million-euro, 10-year loan from the European Investment Bank (EIB) which was confirmed in Athens on Friday.
Learn More
Greece''s Sunlight Group increases production capacity of lithium batteries
The new production lines procured by Sunlight feature cutting-edge automatic laser systems in which lithium-ion battery cells are welded into high-strength, state-of-the-art modules, ensuring maximum quality, durability, and process stability in welding. They also cover the entire process of module assembly – including the surface evaluation ...
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SUNLIGHT
Greece Description. The project concerns the development of a pilot line to produce prototype Li-Ion cells in a greenfield building adjacent to the current Xanthi …
Learn More
ReLiFe recycling project | The Sunlight Group
Innovative collaborative initiative receives EU funding to support lithium-powered e-mobility, vertical integration, and energy transition. Sunlight Group Energy Storage Systems announces that the innovative lithium batteries recycling ReLiFe Project, developed in collaboration with a consortium of partners, has been awarded ca. €3.6m in total funding from …
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Greek battery company SUNLIGHT nets €50m grant to …
A €105 million (US$127.6 million) push to develop low-cost, environmentally-friendly lithium-ion battery technology by Sunlight, a designer and manufacturer of batteries headquartered in Greece, will receive €49.9 million …
Learn More
Sunlight Group gets €140 million loan for battery …
Greece-based battery manufacturer Sunlight Group has secured a €140 million (US$136 million) loan for its manufacturing and R&D investments. The €140 million syndicated bond loan is made up of €87.5 …
Learn More
NSRF to support SUNLIGHT''s research project on the …
SUNLIGHT''s total investment comes to €105.26 million, with NSRF funding amounting to €49.9 million, which covers 47% of the total cost of the project. The SUNLIGHT research project aims to develop innovative …
Learn More
Sunlight appoints Mantzoufas as chief funding officer …
February 1, 2024: The Sunlight Group has appointed Nikos Mantzoufas (pictured) as chief funding and institutional affairs officer for construction of a lithium ion cells gigafactory project in Greece. The lead and lithium battery manufacturer …
Learn More
Sunlight''s state-subsidized 105 million-euro investment approved
The Development Ministry has approved an investment of 105.26 million euros in battery producer Sunlight, including the creation of a research and development center in Athens and a pilot line for the production of innovative lithium batteries. The investment is part of the European Project of Common Interest (PCI) named EuBatIn ...
Learn More
Greek battery firm Sunlight investing in capacity, …
Of its EUR-560-million business plan, the company will invest EUR 450 million to boost its sales network and production capacity up to 6.3 million battery cells by the end of 2023. This effort includes investment in …
Learn More
Greek battery company SUNLIGHT nets €50m grant …
A €105 million (US$127.6 million) push to develop low-cost, environmentally-friendly lithium-ion battery technology by Sunlight, a designer and manufacturer of batteries headquartered in Greece, will receive €49.9 million …
Learn More
