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    Signature(s)

    Amount
    € 47,000,000
    Countries
    Sector(s)
    Sweden : € 47,000,000
    Industry : € 47,000,000
    Signature date(s)
    1/10/2020 : € 47,000,000

    Summary sheet

    Release date
    19 June 2020
    Status
    Reference
    Under appraisal | 15/06/2020
    20200113
    Project name
    Promoter - financial intermediary
    NILAR BATTERY ENERGY STORAGE (EDP)
    NILAR INTERNATIONAL AB
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 47 million
    EUR 100 million
    Location
    Sector(s)
    Description
    Objectives

    Nilar is a European start-up developing NiMH batteries for Battery Energy Storage Systems ("BESS"), which has entered the commercialisation phase in 2019. The project concerns the expansion and upgrading of Nilar's manufacturing lines, accompanied by increased R&D and sales and marketing efforts in order to gain market share in Europe in the residential PV and storage segment and to enter the commercial and industrial segment, including EV charging.

    The development of an innovative start-up into a prospering business in the field of technology development, manufacturing and sale of sustainable, safe and cost-competitive innovative batteries for stationary storage applications in Europe. In doing so, the project contributes to the EU's security of supply in components (batteries) that are critical to its economic competitiveness, its energy transition objectives, and hence climate action goals.

    Environmental aspects
    Procurement

    The activities to be financed are not listed in any annexes of the Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU. The project will help create the conditions enabling the deployment of battery energy stationary storage systems, facilitating the transformation of the energy sector. The project therefore supports EU climate action policy.

    The promoter has been assessed by the EIB as a private company not subject to EU rules on public procurement or concessions.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - NILAR BATTERY ENERGY STORAGE (EDP)
    Publication Date
    2 Oct 2020
    Document language
    Main Topic
    Lending
    Document Number
    129479939
    Document Focus
    Environmental Information
    Project Number
    20200113
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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