AMTE Power and Britishvolt have confirmed plans to explore the potential for the UK’s first GigaPlant to supply batteries for the automotive and energy storage markets.
Both parties have signed a memorandum of understanding (MoU) focussed on each other`s complementary ambitions to create and expand an onshore manufacturing supply chain.
The two partners aim to launch the factory in 2023, establishing the United Kingdom as the leading force in battery technology. The Britishvolt GigaPlant will be situated in 80+ hectares of green industrial park, with a production capacity of up to 35 GWH per annum. Sites in Dundee and Teeside are currently under consideration for the £4 billion facility.
AMTE’s existing battery production facility in Thurso, Scotland, is the largest full cycle cell manufacturing plant in the UK, supplying products into specialised markets.
The deal was brokered by the Advanced Propulsion Centre, which funds low carbon projects designed to industrialise technologies which will help to realise the Government’s net-zero emission vehicles.
If successful, the collaboration would enable scalable production of lithium ion batteries to support the UK’s Road to Zero targets and transition to electrification.
Kevin Brundish, CEO at AMTE Power 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, CEO at Britishvolt, said: “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.”
Ian Constance, CEO of APC, added “The UK is a highly credible location for green growth investment. It has a rich and diverse supply chain, a rapidly decarbonising energy supply and an innovation culture, and government support through a strong industrial strategy.
“It is a positive testament that AMTE power and Britishvolt recognise the full potential of the UK and have identified it as a priority for their battery industrialisation explorations.”