EIB invests in graphene: 20 million to support Italian production

Brussels – The European Investment Bank (EIB) is investing in graphene and advanced 2D materials production in Italy, allocating 20 million euros to the Italian scale-up BeDimensional.

“We are excited and grateful that the EIB has decided to join our investors to support our industrial expansion,” said Vittorio Pellegrini, managing director of BeDimensional.

The funding aims to enable expanding graphene production, a material that promises to “bolster Europe’s competitiveness and industrial base globally.” As a product, it is recognized for its “revolutionary potential” in numerous areas, including battery technology, over which it offers substantial advantages over traditional technologies. BeDimensional aspires, as Pellegrini says, to become a model in the industry “and thus guarantee Europe a leading position in the production and supply of these advanced materials.”

New graphene proposals from the Italian scale-up have proved to be “ultra-performing in batteries for electric vehicles and in a new generation of metal-free motor oils.” As a goal, the advances should incentivize the adoption of electric vehicles and contribute to the decarbonization of transport, a key goal for the EU.

“This project is a perfect example of how the EIB can help European innovators,” said EIB Vice President, Gelsomina Vigliotti. “We are contributing to Europe’s technological leadership, reducing our dependence on external suppliers and creating high-skilled jobs.”

The European Investment Bank is significantly contributing to supporting projects implemented in Italy to develop and encourage the use of green technologies. Other investments include those for wind power and installing photovoltaic systems, demonstrating Europe’s all-round commitment to the energy transition.