Hithium Spain Innovation awarded €81 million grant to build a battery gigafactory in Navarra
Type: Financing · Technology: Storage · Country: Spain · Value: EUR 81M · Announced: 2026-07-01
The IDAE granted Hithium Spain Innovation €81 million to construct a gigafactory for batteries and storage cells in Navarra. The project foresees a total investment of €405 million and will create about 700 direct jobs. Hithium plans to produce lithium‑ion cells for electric‑vehicle and stationary storage markets, leveraging the subsidy to accelerate construction. The grant supports Spain’s renewable‑energy and industrial‑policy goals by expanding domestic battery capacity. The financing was announced on 1 July 2026 as part of the Renoval 2 programme.
Counterparties
- Hithium Spain Innovation (Developer)
- IDAE (Investor)