Important Projects of Common European Interest (IPCEI) on battery economy is a part of wider Commission efforts to encourage innovative and sustainable battery industry in the European Union. In 2017, the Commission launched the European Battery Alliance, a year later adopted the Strategic Action Plan for Batteries, and in December 2020 proposed the Sustainable Batteries Regulation.
In the environment of the ever-growing importance of batteries for several industry areas, a safe, sustainable battery value chain will become more and more essential, while also securing its sustainability and supplementation to EU environmental ambitions. Thus, Commission approved a second Important Project of Common European Interest (IPCEI) to support research and innovation in the battery value chain. The twelve participating Member States will provide up to €2.9 billion in funding in the coming years which is expected to unlock an additional €9 billion in private investments.
So, the question on everyone’s minds is – how can one take part in Important Projects of Common European Interest (IPCEI)?
For a company to become part of an IPCEI consortium, the member state must nominate them and support the company/consortium in its strategic goals. Of course, the company itself can help this process by advocating in Brussels through various forms of activities. After the Member States nominate candidates for IPCEI status, the European Commission decides who the selected members of the consortium are and decide on the financial envelope assigned to a particular IPCEI.
To achieve this status, companies must conduct intensive engagement before Member State nomination to position themselves both in Brussels and their home country. So far, the first (and only) example of such a successful advocacy campaign from Croatia is Rimac Automobili.