Poland EV Battery Gigafactory & Grid Storage
12 GWh battery gigafactory anchoring European EV supply chain resilience and grid-storage decarbonisation.
Executive Summary
Development of a 12 GWh lithium-iron-phosphate battery gigafactory in Silesia, supplying both EV OEM customers and grid-scale storage integrators. The plant reduces European dependence on Asian battery imports and is supported by EU Innovation Fund co-financing and binding multi-year offtake from two automakers and one utility storage developer.
Investment Thesis
- Europe imports over 80% of battery cells — supply chain resilience policy is driving durable onshoring demand.
- Binding offtake contracts with two EV OEMs and one utility storage integrator cover 74% of Phase 1 output.
- EU Innovation Fund grant covers 11% of capex, improving project economics.
Use of Funds
Financial Snapshot
Transaction Structure
EUR 165M senior debt (EIB-led club), EUR 60M mezzanine, EUR 35M equity. Mezz tranche open via Deal Room.
Risk & Mitigation
- · Battery chemistry technology shift
- · Raw material price volatility
- · Ramp-up execution risk
- LFP chemistry proven at commercial scale with dual-sourced licensing
- Indexed pass-through pricing on lithium and cathode material costs
- Phased ramp-up plan validated by independent technical advisor
Timeline & Milestones
- 2025 Q1EU Innovation Fund grant awarded
- 2025 Q3OEM & utility offtake agreements signed
- 2026 Q1Senior debt club committed
- 2026 Q4Financial close
- 2028 Q3Phase 1 commissioning
Sponsor
Baltic Battery Technologies S.A.
Baltic Battery Technologies is a Polish-German battery manufacturing venture backed by a European industrial group and a critical-minerals trading house, with a combined 20 years of cell manufacturing expertise.
ESG & Impact
- 100% renewable power procurement from Yr-2
- EU battery passport traceability compliance
- 1,900 direct manufacturing jobs created regionally
Data Room
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