AMTE Power and Britishvolt have signed a memorandum of understanding for a potential collaboration to develop the UK’s first full cycle battery cell GigaPlant.
The project would service the automotive and energy storage markets.
If successful, the two companies would produce a portfolio of lithium ion batteries to support the country’s net-zero targets and the transition to electrification.
“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, chief executive at AMTE.
“The scalable production of lithium ion cells is key to electrifying vehicles and would drive new manufacturing revenues and new employment, and can be built on AMTE’s focus on the supply of specialised cells, thereby continuing the country’s tradition of excellence in battery cell innovation.”
“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,” said Britishvolt’s chief executive Lars Carlstrom.
“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.”
Published at Wed, 20 May 2020 14:25:00 +0000-AMTE Power, Britishvolt sign preliminary agreement on UK’s first full cycle battery cell GigaPlant proposal