Frank Blome, CEO of PowerCo: “Like the Volkswagen Group, PowerCo stands for responsible conduct. That includes good working conditions, care for the environment and sparing use of scarce resources. We want to be a good neighbour to the people in the region and make a significant contribution to economic development. Not only will we create more than 3,000 jobs of the future, but we also intend to work with the regional government to initiate targeted projects aimed at strengthening science and society.”
The annual production capacity is initially 40 GWh, but has the potential to be expanded to 60 GWh in the future. The cell factory is being built over an area of around 130 hectares in Sagunto, in the immediate vicinity of Valencia. Together with the planned supplier park, which will be built parallel to the PowerCo factory, the area even amounts to 200 hectares. Important factors in deciding to build the site in Valencia included the availability of low-cost green electricity, the regional research and innovation cluster, as well as the good transport infrastructure and proximity to the Group’s Spanish production sites. The Valencia gigafactory will supply unified cells to the vehicle plants in Martorell and Pamplona, among others.
The President of the Generalitat Valenciana, Ximo Puig, thanked the Volkswagen Group and SEAT for their commitment to Sagunto and the Valencian community: “Mission Valencia stands for a productive alliance between PowerCo, the Generalitat, and the governments of Spain and Europe on the path towards a sustainable transition in mobility. Looking forward, we have the Valencian Community behind us to accelerate our ambitious work with full confidence in what we can achieve when we act together.”
PowerCo is aiming to manufacture sustainable batteries in Valencia. The cell factory will be supplied completely with green electricity generated by solar and wind power, for instance by a new 250-hectare solar farm in the immediate vicinity. The raw material cycle will be closed directly on the site of the cell factory.
Gigafactory Valencia is a core component of the 10 billion euro investment programme called “Future: Fast Forward” which the Volkswagen Group announced last year together with PowerCo, its Spanish subsidiary SEAT S.A. and 49 partners. Under the plan, Volkswagen will also electrify its car factories in Martorell and Pamplona as part of the PERTE programme for electric and connected vehicles.