A recent study predicts that the battery storage market will grow from around €20 billion today to around €550 billion annually by 2030. Not surprisingly, it is a market currently dominated by Asia. But of course Europe wants a piece of the action. So how should it position itself in this rapidly evolving market?  What are the challenges? And what are the most promising strategies? In this episode, we talk to Benedikt Rothhagen of the VDMA to find out more. Timeline: 01:12 Overview how the market is currently divided: What volume are we talking about annually right now? And what role do Europe and the USA currently play? 03:59 VDMA has released a study on battery production in Europe. What are the key findings of this study? 09:12 Asian companies currently dominate the market by offering complete turnkey battery factories. What specific strategies should European companies pursue to remain competitive? 10:12 How important is collaboration within the European industry? Are there already successful collaborations that show how progress can be made through joint efforts? Questions or suggestions? Then send us an email to [email protected]