AMTE Power and Britishvolt sign MoU for UK battery gigafactory

AMTE Power and Britishvolt have announced plans to collaborate on what they call the UK’s first full-cycle battery cell “GigaPlant.” The parties have signed a memo of understanding (MoU) focused on the companies’ complementary ambitions to create and expand an onshore manufacturing supply chain. The collaboration would enable scalable production of a diverse portfolio of lithium-ion batteries. 

AMTE CEO Kevin Brundish said, “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.”

Lars Carlstrom, Britishvolt CEO, added, “Aligning our objectives with AMTE Power, who are looking to add to their current manufacturing capabilities in the UK, our ambition is to build a 30+ gigawatt-hour factory with the support of the British Government, creating up to 4,000 jobs in the process. 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.”

Source: AMTE Power