Global Infrastructure SherpaElevenEs to start works on 1GWh battery plant after Caterpillar-backed round
1 GWh
Capacity
construction
Stage
Serbia's ElevenEs to start works on a 1GWh battery plant after a Caterpillar-backed round of investment.
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ElevenEs, a European LFP battery cell developer, is set to commence construction of a 1 GWh battery plant in Serbia following an investment round backed by Caterpillar. This investment will enable ElevenEs to scale its production capacity, contributing to the growing demand for battery storage solutions. The project signifies a step towards establishing a European supply chain for LFP batteries, a technology increasingly favored for its safety and cost-effectiveness.
- Caterpillar's investment provides significant validation and financial backing for ElevenEs' expansion plans.
- The 1 GWh plant represents a substantial increase in European LFP battery production capacity.
- The project is located in Serbia, potentially leveraging lower production costs and access to the European market.
- ElevenEs focuses on LFP battery technology, a growing segment within the battery storage market.
Source Intelligence
“
Capacity
1GWh battery plant
“
Location
Serbia's ElevenEs
“
Announcement
Feb 18, 2026, 10:49:09 AM
PARTIES MENTIONED IN SOURCE
E
ElevenEs
developer
"Serbia's ElevenEs to start works on 1GWh battery plant"
C
Caterpillar
investor
"Caterpillar-backed round"
medium quality
Enriched Feb 19, 2026
Timeline
Announced
Feb 18, 2026
Signed
Closed
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