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AMTE Power, Britishvolt plan 30-GWh UK battery factory

Batteries, CC0 licensed from Pixabay

May 20 (Renewables Now) - London-based battery cells maker AMTE Power plans a collaboration with Britishvolt Ltd on the construction of a 30-GWh-plus factory in the UK, to be known as the GigaPlant.

The two parties have entered into a memorandum of understanding (MoU) that outlines their plans to create and expand an onshore manufacturing supply chain for lithium ion batteries. At the so-called GigaPlant they will manufacture a diverse product portfolio to service the automotive and energy storage markets.

"The recent global crisis has further highlighted the importance of having a robust onshore supply chain, and the creation of a GigaPlant would place the UK in a strong position to service automotive and energy storage markets,” said Kevin Brundish, CEO at AMTE Power.

According to Britishvolt’s own CEO, Lars Carlstrom, the project would open up to 4,000 jobs.

“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," Carlstrom stated.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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