Investments by Türkiye’s battery sector this year totaled more than $1 billion with incentives and regulations to reach an 80-gigawatt-hour storage target by 2030.
Investments in energy storage systems and the battery sector are growing worldwide, and Türkiye’s two cell production facilities and nearly 100 lithium ion battery production factories of various scale actively carry out their operations.
Türkiye aims to become a regional production and investment base for battery technology by building a capacity of 80 gigawatt-hours by 2030, part of the country’s HIT-30 investment program.
Kadem Usta, head of the Turkish Cell, Battery Pack Manufacturers and Suppliers Association, told Anadolu that this year saw critical developments for the battery industry worldwide.
“The integration of renewable energy sources and recycling efforts were prominent worldwide, while Türkiye’s investment projects and HIT-30 incentives were the main drivers of focus in the sector, as the program encourages battery production and energy storage systems, leading to accelerated investments,” he said.
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