World In Progress

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WIP (World In Progress) intends to show all the positive progress going on in the world. It includes progress in technology, medicin, climate etc and not personal uplifting news.

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EU announces €4bn state aid to back battery and green tech factories (www.theguardian.com)

submitted 10 months ago by themurphy@lemmy.world to c/worldinprogress@lemmy.world

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cross-posted from: https://lemmy.world/post/10468036

The EU has announced €4bn (£3.4bn) of state aid investments in new factories producing electric batteries for cars, heat pumps and solar panels as it seeks to accelerate production and the uptake of green technologies and combat cheap Chinese imports.

The Swedish battery producer Northvolt will receive €902m in state aid to build a new factory in Heide in Germany, while a wide range of clean tech factories in France are to get a €2.5bn bump in state aid.

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