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Vianode awarded EUR 30 million grant from Innovation Norway
EV Economy
Mar 14, 2024
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Mar 14, 2024

Vianode awarded EUR 30 million grant from Innovation Norway

Funding

  • Vianode, a Norwegian company developing anode materials using synthetic graphite, was awarded a EUR 30 million (~USD 32.6 million) grant from Innovation Norway under the Important Projects of Common European Interest (IPCEI) program.

  • The company intends to use the funds to develop its customer qualification plant in Heroya, Norway.

  • The plant at Heroya aims to establish a new benchmark for the eco-friendly production of anode graphite solutions with their proprietary technology.

  • Analyst QuickTake: In July 2023, the company was selected for a EUR 90 million (~USD 100.8 million) grant from the European Commission through the EU Innovation Fund. This was part of a EUR 3.6 billion (~USD 4 billion) award for 41 clean tech projects.

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