The company based in Verona, one of the participants in the second Important Project of Common European Interest (IPCEI) on new generation batteries, predict a total investment of 104 million euros for three innovative projects. Thus, the first ever integrated lithium-ion battery production plant will be established in Italy between Soave and Cremona.

Soave (VR), January 28th , 2021 – While Europe is affected by the pandemic, there is an industry that continues to invest and create jobs: the one of lithium-ion batteries. By favoring the transition from fossil fuels towards cleaner energy, this business fully responds to the ambitious European goal of the Green Deal, which aims at climate neutrality in 2050. To support this strategic sector, the European Commission has given green light to the second tranche of funding for Important Projects of Common European Interest (IPCEI) for new generation batteries (2.9 billion euros). This financial support was given after a careful selection among 42 European companies in the sector.

One of the selected companies is Midac Batteries Spa, founded by Santo Mastrotto and led by Filippo Girardi, president and CEO. Midac obtained green light for the development of three innovative projects related to the production, reuse and sustainable management of lithium-ion batteries end of life. These projects will allow the company to build the first integrated lithium-ion battery production plant in Italy, for a total investment of 104 million euros. The company therefore will be able to produce its own lithium-ion batteries with the reuse of raw materials derived from the recycling of exhausted batteries, in accordance with the principles of circular economy, thus ensuring compliance with Midac's "green" philosophy.

In particular, the first project concerns the selection and recovery process of batteries at the end of their life, which makes it possible to send those that cannot be reused to a recycling plant with a capacity of 30,000 tons / year and to use those still functioning in less demanding applications. This way, the batteries can have a second life, reducing their environmental impact and increasing the percentage of recovered materials from 60% to over 90%. The recycling and reuse activities will be developed in collaboration with partner companies, including Enel X.

The second project relates to the development of a new cell production plant based on third and fourth generation technology, which allows faster recharging, greater autonomy and enhanced safety. These cells will then be sent to the new battery assembly departments in Soave and in Cremona to be utilized in automotive, material handling and reserve power applications.

The third project covers the development of battery management system (BMS) electronics, which will make it possible to extend their lives, thanks to the help of artificial intelligence. The batteries will also be equipped with IoT systems to facilitate their use by end customers.

The plan for the construction of the new plant, lasting a total of 7 years, represents a stepping stone for the company and for the entire Italian and European sector to gain a leading role in the lithium-ion storage technology. Furthermore, this will allow to develop, also in Europe the entire supply chain pivoting around this strategic technology.

"We are enthusiastic and proud to be able to provide, also thanks to this project, our contribution to the development of the lithium-ion battery technological supply chain in Europe - underlines the CEO Filippo Girardi - and to be able to continue to pursue our objectives of innovation and environmental sustainability. We thank the Ministry of Economic Development for supporting us in all phases of the project and the European Commission for the growth opportunity it has offered our company with the approval of our project, having deemed it worthy and useful for the development of the entire European Community ".

Midac SpA, first in Italy for the production of industrial batteries for forklifts and second for the production of starter batteries for cars and trucks, has its headquarters in Soave (VR), a factory in Cremona and one in Turin. Founded in 1989 by the will of Santo Mastrotto, founder of the homonymous group, one of the most important world references in the leather processing sector, since 1992 it has specialized in the production of lead-acid accumulators for car starter batteries and electric traction. The internationalization process - started in 2001 with the founding of Midac Deutschland, continued in 2004 with the creation of the new Midac France branch, in 2011 Midac Nederland, in 2012 Midac United Kingdom, in 2014 Midac Australia and with the acquisition of the Swedish Batteriunion AB, today Midac Nordic - has led the company to become a leader at a European level and to start carving out a space for itself worldwide.