dutch start-up lithium werks considering european battery plant - storage battery

WARSAW (Reuters)-Dutch start-
Up Lithium Werks BV is considering a storage battery plant with Poland and other European countries. 6 billion euros ($1. 8 billion)
The founder of Kees Koolen told Reuters on Monday that it plans to build one in China.
With the increasing use of intermittent renewable energy, energy storage is becoming more and more important.
Combining wind, solar and battery technologies will reduce the cost of renewable energy and help the grid balance supply and demand.
Asian companies such as CATL, Samsung and LG Chem are leading the market by locking in supply deals with electric car manufacturers, and Europe is scrambling to catch up.
Sweden's Northwater plans to build Europe's largest battery plant in its domestic market, and said earlier this year that it also works with South Bay Solutions, a US supplier. S.
Electric vehicle maker Tesla will jointly set up a factory in Gdansk, Poland.
In an interview, Mr Coren said Lithium Werks expected its China project in the Yangtze River Delta to begin operations in 2022.
The company's focus is on transporting lithium-ion batteries of container size.
They charge quickly and are suitable for various uses such as solar and wind fields and the shipping industry.
"If humans are going to reduce carbon dioxide emissions by using solar energy, wind farms, we need to store this energy in a way other than oil or coal.
I expect 100 in Europe alone.
Twenty years later, there are 200 battery factories, "said Koolen, who is also involved in booking travel sites.
Early com.
"We are considering Poland as the location of another factory with several other European countries," koollen added . " He did not identify any other European country.
In addition to the money he received from private investors in Asia and the United States, koollen said he was also financing the project for the Chinese factory.