Agreement for UK’s battery factory

Battery maker AMTE Power and startup Britishvolt have signed a MoU for a battery ‘Giga Factory’, the UK’s first full cycle battery cell ‘GigaPlant’, servicing the automotive and energy storage markets. The successful outcome of the collaboration would enable scalable production of a diverse product portfolio of lithium ion batteries, and could involve up to £4bn of investment.

The ‘GigaPlant’ will be situated in over 80 hectares of green industrial park, with a production capacity of up to 35 GWH. At its completion, it will make Britishvolt a global leader in producing high performance green lithium Ion batteries.

Lars Carlstrom, CEO at Britishvolt, commented: “Meeting Road to Zero targets and moving the UK into a low carbon economy will necessitate the unprecedented electrification of vehicles, and reliance on renewable energy will require extensive battery storage. It is costly and carbon-intensive to have lithium ion batteries imported from the Far East, and this GigaPlant would cement a solid onshore supply chain to ensure quality and eliminate future uncertainty of supply.”

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