Wednesday, January 26, 2022

Batteries: "Britishvolt signs multimillion-pound partnership to rev up UK electric vehicle gigafactory plans"

From The Sunday Times (Londinium), January 24:

Charging onwards

A UK TECH firm’s ambition to produce 300,000 electric vehicle battery packs per year at a new “gigafactory” in Northumberland have been given a shot in the arm with the announcement that Britishvolt has signed a multimillion-pound partnership with the UK Battery Industrialisation Centre (UKBIC).

The UKBIC, which was founded last year in Coventry, is a government-funded battery manufacturing development facility, specialising in helping battery makers scale up their operations.

The two-year partnership with Britishvolt will see the two organisations combine to bring to market Britishvolt’s newly-developed energy-dense battery cells, which, it is hoped, will make the company a major player in a rapidly expanding industry.....

.... News of the partnership follows the announcement last week of a £100 million government investment in Britishvolt as it builds the UK’s first battery production gigafactory (a term coined in 2013 by Tesla boss Elon Musk, when describing massive battery production facilities) on the site of a former coal-fired power station in Cambois, Northumberland. The funding has been made available through the government’s Automotive Transformation Fund.

Private funding to the tune of £1.7 billion is also being made available to Britishvolt via its partnership with the investment fund Abrdn and will allow the company to complete the factory, works on which are already underway. The full project is expected to cost up to £3.8 billion.....