As stated by the EIB, the project consists of financing a part of Research and Development (R&D) investments (focusing on human resource costs) for Schaeffler Group's motion technology areas from 2023 to 2026.
The project concerns the promoter's investments to develop more sustainable, energy- and resource-efficient bearing technologies, innovative technologies for electro-mobility and for renewable energy or other industrial applications, addressing and identifying cost-, resource- and energy-efficient solutions to the relevant trends, needs and transformational challenges affecting the promoter's customer industries. It will further knowledge creation and diffusion through the promoter's extensive R&D collaborations with customers, industrial and supply chain partners, research institutes, innovative startups, and through its patenting activities and the reskilling and upskilling of promoter's resources, thus leading to generate significant positive knowledge, environmental and adoption externalities.
The project is designed to support the promoter's goal of developing solutions across the full range of motion technology, focusing on sustainability in selected countries in the EU. The main objective is the development of innovative vehicle and industrial technologies improving overall system efficiency. Focusing to reduce CO2 emissions in individual and public transportation, wind power, hydrogen and other technologies.
As stated by Bloomberg, Schaeffler AG is an automotive and industrial supplier. The Company's business divisions include engine, transmission and chassis systems, automotive aftermarket, industrial applications, and industrial aftermarket. Schaeffler AG operates worldwide.
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No project contacts provided at the time of disclosure.
Client - Schaeffler AG:
Address: Industriestraße 1-3, 91074 Herzogenaurach, Germany
Phone: +49 9132 82 0
Fax: +49 9132 82 4950
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