Battery investments in Türkiye surpass $1B

New incentives and regulations have driven energy sector investments in battery and cell factories in Türkiye beyond $1 billion, aligning with the goal of achieving 80 gigawatt-hours of storage capacity by 2030.

Kadem Usta, president of the Battery Manufacturers and Suppliers Association (PILDER), shared insights into the year’s developments in the sector during an interview with Anadolu Agency.

Highlighting the six agreements signed between domestic and foreign companies, Usta noted that new factories with a combined production capacity of 5 gigawatt-hours would be established in cities such as Ankara, Kocaeli, Istanbul, and Izmir.

“The total value of these agreements has surpassed $1 billion. With six new investments this year, the number of battery production facilities in Türkiye will increase to 11,” he said.

However, Usta pointed out that the legal framework for battery and energy storage plants is still under development. “A draft regulation has been published, but the first approvals are expected to take place in 2025,” he stated.

Despite the adverse effects of high interest rates on investment decisions during the year, Usta emphasized that steps have been taken to ensure long-term investment goals.

Currently, Türkiye hosts two active cell production facilities and nearly 100 lithium-ion battery production plants of varying scales. Türkiye launched the HIT-30 investment program in July, which offers comprehensive support and tailored solutions for high-priority technology projects.