Sunlight appoints Mantzoufas as chief funding officer for giga project

Sunlight appoints Mantzoufas as chief funding officer for giga project

Sunlight appoints Mantzoufas as chief funding officer for giga project 632 742 Batteries International

February 1, 2024: The Sunlight Group has appointed Nikos Mantzoufas (pictured) as chief funding and institutional affairs officer for construction of a lithium ion cells gigafactory project in Greece.

The lead and lithium battery manufacturer said on January 17 Mantzoufas would also be responsible for the integration and monitoring of the group’s projects funded through development initiatives and investment schemes in Europe and America.

Mantzoufas was most recently governor of Greece’s EU-backed Recovery and Resilience Facility. He is also a former board member of the European Investment Bank.

Sunlight said in September 2021 it would invest €50 million ($54 million) to expand its lead and lithium manufacturing unit in Xanthi, north-eastern Greece.

Of that amount, €20 million would be spent toward an annual production capacity of 1.7GWh of lithium batteries, on top of €105 million already invested at Xanthi on R&D and a prototype lithium ion cell production line.

Last August, Sunlight announced the completion of an R&D program  into developing ‘smarter and healthier’ lithium ion batteries.

In November, Sunlight confirmed it was spinning off its lead recycling operations into a new subsidiary to guarantee raw material supplies for lead battery production.