Britishvolt Secure Funding for New Car Battery Factory | GBW

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Britishvolt Secure Huge Funding for New Car Battery Factory in Blyth

Britishvolt, a leading UK manufacturer of electric car batteries, has secured funding for a major manufacturing facility in Northumberland.

“Battery solutions are the catalyst that will drive our society to an electrified, zero-emissions future. It is the next industrial revolution; some call it the green revolution. The next decade will see unprecedented change, and we at Britishvolt intend to be at the very heart of leading that change.” (Orral Nadjari, Britishvolt CEO & Founder).

The UK Government has committed £100m through its Automotive Transformation Fund. In addition to this, Britishvolt announced backing from investors that should unlock £1.7bn in private funding to build the first large scale ‘Gigafactory’.

This announcement is a major step in putting the UK at the forefront of the global energy transition, unlocking huge private sector investment that will develop the technology and skills required for Britain to play its part in the next industrial revolution.” Peter Rolton, Britishvolt executive chairman.

The factory is to be built on the old Blyth Power Station site. It will give local people the opportunity to have well-paid, high-skilled jobs, which represents a huge economic opportunity for people in this area. When fully operational, the factory will employ 3,000 workers.

The government-funded Advanced Propulsion Centre calculates that the UK will need to produce batteries with a capacity of 90 gigawatt hours (GWh) a year if it is to retain a car industry of a similar size. Current UK production capacity is less than 2GWh, but Britishvolt hope to produce 30GWh.

By the end of the decade, the factory will produce enough battery cells for more than 300,000 electric vehicle battery packs per year.

The first batteries ready for use will roll off the production line in 2024.

 

For further information, please contact Ed or Kelly on 01284 365345 or email ed@granitebw.co.uk / kelly@granitebw.co.uk.

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