3 minute read - 5th September 2022
ProLogium considers UK for new battery gigafactory
ProLogium, a Taiwan-based manufacturer of next-generation solid-state batteries, has appointed Accuracy, an independent financial and strategic consulting firm, to advise on the location of its first major battery gigafactory in Europe. A feasibility study has begun for potential sites including locations in France, Germany, the Netherlands, Poland and the UK. A final decision is expected by the first quarter of 2023.
Investment in the new factory will total US$8bn (£6.9bn) over the next decade. The factory is expected to be one of Europe’s biggest gigafactories, with a three-phase construction and an annual capacity target of 120 GWh, once the third phase is completed. It has already begun testing and certification processes with key global car OEMs by delivering nearly 8,000 EV battery cells (50-60Ah). These results laid a solid foundation for its global gigafactory plan.
Accuracy says that both the construction and operation of the gigafactory are expected to generate substantial economic benefits for the chosen region, creating thousands of highly-skilled jobs at the plant and within the supply chain. Many governments in Europe have started initiatives to support the growth of electric vehicle batteries, putting green technology at the heart of their long-term economic plans.
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ProLogium has announced its intention to establish a new gigafactory in Europe, with the UK on the shortlist. A final decision is expected by the first quarter of 2023 / Picture: ProLogium
Solid-state batteries are among the most promising and disruptive battery technologies, offering advantages in terms of safety, energy density, fast-charging capability, recyclability, weight optimisation and costs. Many European markets are making a strong commitment to the battery industry, with the aim of positioning themselves as gigafactory hubs.
Vincent Yang, chief executive officer and chairman of ProLogium Technology, said: “For most Asian companies actively going abroad, one of the keys to success is a solid foundation rooted in strategic planning. Site selection requires not only the right technology and solutions for that market, but also in-depth knowledge of local market demands and trends. That’s why we’ve chosen Accuracy as our advisor for one of our most important milestones.”
Accuracy says that its advice to ProLogium on selection of the site involves detailed analysis in two phases. Phase one looks at shortlisting over 90 sites across the 13 European markets, identified based on a range of criteria including the region’s pool of skilled labour, existing electric vehicle ecosystem and supply chain, access to transport networks and incentives available.
In phase two, Accuracy undertakes a detailed financial analysis of each site selected through phase one, including sensitivity analysis to understand impact to profitability for each site. One outcome of discussions with different European agencies is that many European markets have already allocated sites for gigafactories. This has resulted in competition taking place between states and regions to offer the most attractive site.
Zaheer Minhas, partner at Accuracy, added: “It is no exaggeration to say that ProLogium’s European production site will be transformative for the chosen region. Competition to secure the site is already fierce. That means the region ProLogium chooses will benefit from the creation of high quality, environmentally-friendly jobs for many years to come.”
Gilles Normand, international development EVP at ProLogium, who has already been touring all the potential sites in the shortlisted countries in Europe, said: “I have been impressed by the pre-selection process developed by Accuracy. During my front-line visit to all potential sites, I discovered very talented people and highly motivated ones. I was pleased to see the enthusiasm and the understanding about our technology and future industrialisation plans.”
ProLogium’s first production line for consumer applications began operating in 2013, and its roll-to-roll EV battery pilot line began production in October 2017. The battery maker owns proprietary technologies covering over 500 (applied or awarded) patents worldwide and has established more than 4,000 quality control items in its production processes, achieving 99.9% yield for its single-layer cell manufacturing and 94% yield for multi-layer cells.