14 September 2023 – Verkor secures more than €2 billion in financing following the signing of a minimum of €850m Series C funding1 , approval of European Investment Bank for €600m debt support and French subsidies for an amount around €650m, subject to final approval by the European Commission. This financing will accelerate: the construction of Verkor’s first gigafactory, in Dunkirk, and the manufacture of highperformance low-carbon battery cells, ongoing technological developments at the Verkor Innovation Centre (VIC) for new manufacturing technologies and new state-of-the-art product, strategic investments across the battery value chain, thereby generating thousands of direct and…

The partnership will begin immediately with qualification and testing in order to provide battery energy storage system (BESS) clients with adapted solutions as soon as possible Verkor will supply cells from its manufacturing facility in Dunkirk to Nidec. Verkor proposes a battery cell and module supply of 450 MWh/year in 2025, increasing to 3GWh/year, with a goal to provide a cumulative 10 GWh by 2030. Nidec expands the variety of its offerings with the incremental range of batteries introduced and demonstrating high flexibility in supporting its customers with different and efficient stationary energy storage solutions. Grenoble (France), Milan (Italy) –…

At Verkor, our watchwords are continuous innovation. Our R&D teams constantly charter new ideas and invent new solutions for making ever more advanced batteries and improving manufacturing processes. This resulting technological breakthroughs therefore must be protected by intellectual property. “Driving our innovation strategy is our determination to constantly review our approach, explore new ideas, and seek out inspired solutions to address the needs of our clients and the market. We are future-focused, and we are ready to rise to the mobility challenges of tomorrow.” - Christophe Mille, Chief Technology Officer of Verkor. Our ambition. Now. For tomorrow — Industry 5.0…