Italvolt signs deal to start battery Gigafactory construction

Italvolt signs deal to start battery Gigafactory construction

Business news |
By Nick Flaherty

Italvolt has signed a Memorandum of Understanding to start construction of a battery Gigafactory in the Piedmont region of Italy.

The final design for the factory on the former Olivetti site in Scarmagno and Romano Canavese is expected to be submitted by June 2022 in order to receive construction permits by early 2023, for production to start in 2024.

The MoU aims to coordinate decisions across the Piedmont Region, the Metropolitan City of Turin and the municipalities of Scarmagno, Romano Canavese and Ivrea for the plant.

The Italvolt project plans to start the production of lithium-ion batteries in the second half of 2024 and it expects to employ up to 3,000 employees, on a total area of 1,000,000m2 to deliver a production capacity of 45 GWh. This would make Italy one of the largest producers of lithium-ion batteries for electric vehicles and energy storage in Europe.

“After the presentation of the preliminary project and the subsequent authorization obtained at the beginning of 2022, the signing of the Memorandum of Understanding confirms the progress of a project that is proceeding rapidly thanks to constant collaboration with all the local authorities. Respecting the shared timeline will lead us to become one of the first players in Europe to start production, thus ensuring Italvolt’s key role in the EV industry,” said Lars Carlstrom, Italvolt Founder and CEO.

“The signing of this protocol is a clear demonstration of how the Gigafactory in Scarmagno is becoming increasingly concrete,” said Piedmont Region President Alberto Cirio and Councillor for Economic Development Andrea Tronzano. “A punctual timetable that marks the approach of a project that will bring the benefits: development and employment; two fundamental successes for the territory and the Piedmontese economy in the strategic sectors, technology and automotive. This protocol is a classic example of the collaboration of a Piedmontese system that can grow and has a future.

“Città Metropolitana di Torino will play a crucial role in the plant’s authorisation process,” said Sonia Cambursano, the councillor responsible for economic development, “in synergy with the Piedmont Region and the municipalities. For us, networking is the best way to develop the area. In this project we see the possibility of achieving the objectives of employment and development in the Canavese area, but also of encouraging sustainable energy for mobility.”

“The Memorandum of Understanding represents a fundamental step towards meeting the timetable for the realisation of an industrial plan that will mark an epoch-making step for our territory. The chosen location is certainly strategic, on the road axis leading from Italy to the centre of Europe,” said Stefano Sertoli, Mayor of the Municipality of Ivrea.

The MoU sets up a Technical Table of Coordination that will be chaired by a delegate of the Region with the task of coordinating and supporting the various institutional offices involved.

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