Italian battery start-up Italvolt has confirmed federal and local government support, but no funding, to build Europe’s largest battery gigafactory outside the town of Ivrea in northern Italy.
Italvolt will take over the abandoned Olivetti di Scarmagno site for its â¬ 4 billion battery plant, from which it plans to power the burgeoning electric vehicle (EV) industry.
With an ultimate production target of 70 GWh per year, the first phase of the new plant should be completed in 2024, with a battery capacity of 45 GWh.
CEO Lars Carlstrom, who pledged 5 million euros to found Italvolt, insists the gigafactory will directly employ 4,000 workers, 15,000 indirectly and house a dedicated research and development laboratory.
âWe have not concluded any public funding from Italvolt. We are independent and transparent, and there will be a discussion about public funds at some point, âCarlstrom said today.
âThe support of the Piedmont region, local administrations and professional associations has exceeded our expectations, the intense and fruitful collaboration of the last eight months has been decisive.
“We have had talks with Ivrea and the 10 mayors of the region and they have been extremely favorable, and we also have a long association with the region of Peimonte.”
The site has established motorway and rail links with Ivrea, Milan (Milan) and the Turin Automotive Center (Turin), although there is irony in the last great Italian electronic hope taking control of the ruins of its last, with the enormous Olivetti. absorbed by Telecom Italia in 2003.
Carlstrom explained the push for a northern Italian gigafactory by insisting that global demand for batteries will increase 17 times to at least 3600 GWh by 2030.
âWe have explored seats in the south of Italy, but Ivrea is working more efficiently to have us distribute them to all parts of Europe,â Carlstrom said in an interview this morning.
âThere was a reason Olivetti established the plant there, and it has all the electrical services and infrastructure it needs in the area.
Although Italvolt does not have any confirmed customers for its planned gigafactory, it has relationships with Indian manufacturing giant Mahindra and the newly formed Stellantis Group, whose brands include Jeep, RAM, Peugeot, Citroen, Fiat, Alfa Romeo, Maserati and the rejected company General Motors.
He has already hired Pininfarina Architecture, owned by Mahindra, to design the 300,000 square meter plant and Comau, owned by Stellantis, to furnish the interior and develop the R&D facility and the planned university center.
âWe are particularly happy to be able to launch our project in Piedmont, where we have found the perfect combination of factors that I believe are necessary to make the most of the opportunity of green industrialization: a strong industrial tradition and knowledge highly specialized technology -how in the automotive industry, âsaid Carlstrom.
âFinally, we are honored to have the opportunity to build our Gigafactory in the Scarmagno area, formerly occupied by the Olivetti industrial center, a company that has marked the history of Italian industry and that still represents today an icon of made in Italy technology.