Slovakia invests 10 billion in energy storage projects

Did Slovakia sign a joint venture agreement with the government?

The government and joint venture have now signed an Investment Agreement. The agreement does not come as a surprise. In November 2023, the companies signed a letter of intent to this effect with the Slovakian government regarding the factory. The partners had already presented the key points of the joint factory in September.

What did the Slovak government do?

The Government of the Slovak Republic, represented by the Ministry of Economy, undertook to provide grants, settle the land, undertake to prepare the building plot, and ensure the connection of the power grid.

Why did Slovakia choose a Gigafactory?

Minister of Economy of the Slovak Republic Denisa Saková appreciated the choice of location in Slovakia, adding that in addition to new jobs, the gigafactory will bring cutting-edge technology to the region.

Is Slovakia returning to the map of economically attractive countries?

The targeted start of production (“SOP”) in Q2/2026 and full-scale production is scheduled for 2027. Prime Minister of the Slovak Republic, Robert Fico, considers the trust of investors in selecting a location as evidence that Slovakia is returning to the map of economically attractive countries.

Is Slovakia facing a shortage of R&D workers?

Strategy, es-pecially applying to the automotive industry. It is clear that Slovakia is facing a shortage of critical workers in R&D, with only aroun

Will Slovakia become part of international consortiums?

lity Slovakia to become part of international consortiums. Full automation of pub-lic and rail transportation systems should happen before individual tran portation, where the goal is to flatten vehicle purchases. Rather than tra-ditional vehicle ownership, the new trend follows a business model where a car is sold to