Türkiye’s battery sector investments in 2024 topped $1B

by Anadolu Agency

ANKARA

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.

Usta said new facilities that can produce cell and batteries of up to 5 gigawatt-hours will be established in Ankara, Istanbul, the Aegean province of Izmir, and the northwestern city of Kocaeli.

“While the agreements signed this year exceeded $1 billion in investments, with the new additions the number of battery production facilities in Türkiye will reach 11,” he said.

Usta daid the legal infrastructure for battery and storage power plants has yet to be fully shaped despite draft regulations, but the first approvals are expected next year.

Türkiye’s battery imports were the same as last year, at around $1.1 billion, he said, adding that he expects exports to wrap up the year jumping from $39 million to $48 million.

Usta said the association held a summit attended by international companies who showed an interest, which strengthened Türkiye’s position in the battery business.

As for 2025, Usta said more companies are expected to join the industry with domestic and foreign partnerships, which is a testament to Türkiye’s significant potential for energy independence and competitiveness in the global market.

He added that association will hold a battery summit next October.

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