If there was any doubt that smart energy is where the future of the world’s energy industry, then it must have been certainly laid to rest when the European Commission banded together to exploit the EU State aid legislations to unite the efforts of Belgium, France, Poland, Sweden, Italy, Germany and Finland to yield a massive €3.2 billion to fund a mission slated to be under the ‘Important Project of European Interest’ banner.

Furthermore, private investments are expected to add value reaching and above €5 billion for the project expected to end before the end of the summer of 2031. By this time, the projection displays that the funded research on the concerning topic of batteries will have placed the countries and her partners in a favorable technological, and thus, economical position going forward.

The scope of the project has been laid out to involve a total of just 17 direct participants, which includes some small and medium-sized enterprises (SMEs) and other initiatives. Each of these participants will spearhead a dive into the essence of four topics, each of which will consist of different sub-projects and deadlines until the overall research period elapses. These topics include:

Battery Systems

This area will investigate existing battery management structure to evaluate alternatives and innovative improvements to ensure increased efficiency in the use of batteries. There might be greater focus on the use of industry 4.0 tools like big data or artificial intelligence at play as well as fundamental management software and complex.

Cells

Cells and modules in automotive usages and appliances that are not automotive-related have exposed room for improvement in the past few years, and by embarking on this quest, it is believed that the secret to unlocking better standards of safety and efficiency from automotive and other applications.

Recycling, Refining and Repurposing used materials

The European Commission have deemed it necessary to include an intentional edge to research on how innovations can be made to systems and processes surrounding how used materials can be collected or dismantled before they are given a new purpose after recycling or refining the materials, while paying attention to making the new processes as safe as possible for operation.

Effective use of Raw and Advanced Materials

This campaign will oversee a huge paradigm shift in the underutilization of any and all resources. With safer and more efficient means of processing materials through the extraction, refining and purification phases the set goal, this project will see the designated partners of the 17 participants invest themselves in also examining the already known advanced materials with the hope that a deeper look can offer fresh perspective and consequent innovations towards battery efficiency.

Of course, given the scale, the 17 participating institutions will need some support, and they will find it among 70 similarly-sized enterprises (SMEs) and public research organizations that extend hands of fellowship from different parts of Europe.

The mission to seek out innovative improvement to the battery is great enough, but there’s strong reason to believe that it could trigger a chain reaction of innovation – another industrial revolution, but just in Europe.

Whatever the case, this could go in a lot of ways, but it is hard to not get excited by the endless possibilities that this unified move could birth.