ITALVOLT CHOOSES THE FORMER OLIVETTI AREA OF SCARMAGNO FOR THE CONSTRUCTION OF THE FIRST GIGAFACTORY IN ITALY

THE PLANT WILL BE THE LARGEST IN EUROPE AIMING TO CREATE UP TO 4.000 DIRECT JOBS AND UP TO 15.000 JOBS IN THE GREATER SUPPLY CHAIN

Milan / Scarmagno (TO) – February 18, 2021 – Italvolt, founded and led by Lars Carlstrom, automotive pioneer and industrialist with over 30 years of experience, announces that it has chosen the former Olivetti area of Scarmagno for the construction of the first “Gigafactory” in Italy, a plant dedicated to the production and storage of EV lithium-ion batteries. The first phase of the project, which foresees a total investment of €4 billion, will be completed by spring 2024.

The former Olivetti area of Scarmagno, owned by Monteverdi fund managed by Prelios Sgr, was selected by Italvolt for its particularly favorable technical characteristics and geographical location. Today, the site is a vast disused industrial area that extends for roughly 1 mln ㎡, at the time of Olivetti it was chosen by architects Marco Zanuso and Eduardo Vittoria for its unique accessibility to roads, highways and railway links, both with Ivrea and the city of Turin. Another element that makes the Scarmagno area ideal to host Italvolt’s project is the strong link it has with the production fabric of Piemonte, which is the leading region in Italy in the automotive industrial production.

Italvolt’s Gigafactory, with a size of more than 300.000 ㎡, an initial capacity of 45Gwh and a potential up to 70 Gwh, represents an important opportunity for the economic-industrial relaunch of the Scarmagno area, with a significant impact also at regional level. In fact, it is estimated that about 4,000 workers will be employed at the plant, with an induced activity that could create up to 15,000 new jobs.

The new plant will be able to respond significantly to the growing demand for batteries in Europe, which set to increase globally 17-fold to approximately 3,600 gigawatts (GWh) by 2030[1], will be designed by the Architecture Division of Pininfarina, the iconic automotive design house that recently celebrated its 90 years of activity and is currently working on projects of similar scale. Strongly committed to environmental and social impact, Pininfarina is designing a next-generation industrial plant, which will be smart, sustainable and responsive to its surroundings. Pininfarina will apply DFMA building methods in order to grant the integration of the plant with the territory’s economic and social dynamics.

Comau, a world leader in the field of industrial automation, with over 45 years of experience and a strong specialization in electrification processes, will be the supplier of innovative solutions, plants and technologies for the gigaplant. Moreover, Comau will be in charge of the realization of the R&D laboratory that will host academics and industrial partners engaged in the development of the most advanced technologies in the field of electric mobility.

Lars Carlstrom, CEO and founder of Italvolt, said: “The support from Regione Piemonte, local administrations and the trade associations has been beyond our expectations, intensive collaborations for the past eight months have been instrumental for our decision. We are particularly excited to be able to start our project in Piemonte, where we found the perfect combination of factors that I believe are necessary to take advantage of the opportunity of green industrialization: a solid industrial tradition and a highly specialized technological know-how in the automotive industry. Finally, we are honored to have the opportunity to build our Gigafactory in the area of Scarmagno, once occupied by the Olivetti industrial pole, a company that has marked the history of Italian industry and still represents an icon of made in Italy technology “.

[1] Mckinsey

ITALVOLT                                                                                                                                                                                                  
Italian company, based in Milan, founded and led by Lars Carlstrom – already founder of Britishvolt – with the aim of building the first Italian “Gigafactory”. The plant will be dedicated to the production and storage of EV lithium-ion batteries and will be built in the former Olivetti area of Scarmagno (TO).

For more information on Italvolt:
Image Building
Ph. +39 02 89011300
e-mail: italvolt@imagebuilding.it

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