Taiwan’s ProLogium to Build Solid-State Battery Gigafactory in Europe

Taiwan-based solid-state batteries manufacturer ProLogium has appointed Accuracy – an independent financial and strategic consulting firm – to advise on the location of its first major Gigawatt-hour (GWh) battery factory in Europe and to work with its international development team.

The official statement of ProLogium states that the investment in the new factory will total $8 billion over the next decade. The factory is expected to be one of Europe’s biggest gigafactories, with a three-phase construction and ultimately an annual capacity target of 120 GWh when the third phase is completed.

Accuracy says the competition between European countries to secure ProLogium’s factory has been intense. Both the construction and operation of the gigafactory are expected to generate substantial economic benefits for the chosen region, creating thousands of highly-skilled jobs both at the plant itself and within the supply chain.

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ProLogium is seeking its first overseas site for production of next-generation solid-state batteries in Europe or in USA in light of the exponential growth in demand for electric vehicles over the next decade. In Europe, the firm has initiated a feasibility study for potential sites including locations in France, Germany, the Netherlands, Poland and the United Kingdom.

Vincent Yang, Chairman and CEO, ProLogium Technology, said, “For most Asian companies actively going abroad, one of the keys to success is a solid foundation rooted in strategic planning. Site selection requires not only the right technology and solutions for that market, but also in-depth knowledge of local market demands and trends. That’s why we’ve chosen Accuracy as our advisor for one of our most important milestones.”

Phase-Wise Approach

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Accuracy’s advice to ProLogium involves detailed analysis in two phases. Phase One looks at shortlisting over 90 sites across the 13 European markets, identified based on the region’s pool of skilled labour, existing electric vehicle ecosystem and supply chain, access to transport networks, access to renewable energy sources, energy security and incentives available.

In Phase Two, Accuracy undertakes a detailed financial analysis of each site including sensitivity analysis to understand impact to profitability for each site. One outcome of discussions with different European agencies is that many European markets have already allocated sites for gigafactories. This has resulted in competition taking place between states and regions to offer the most attractive site.

The Taiwanese company says that it has already shipped more than one million cells for consumer electronic applications. It has already begun testing and certification processes with key global car OEMs by delivering nearly 8,000 EV battery cells.