Britishvolt has been bought out of administration by Australian firm Recharge Industries, reviving plans for the UK’s first electric vehicle battery factory.
Recharge have announced their plans in a statement and said that it will create strategic economoic and security asset which will play a crucial role in the UK’s industrial and net zero strategies.
Commenting on the successful bid, David A. Collard, Founder and CEO of Scale Facilitation said “We are thrilled to have been successful in our bid for ownership of Britishvolt; our plans are the right ones for the local community and the UK economy. Our proposal combined our financial, commercial, technology and manufacturing capabilities, with a highly credible plan to put boots and equipment on the ground quickly… “Backed by our global supply chain, strategic delivery partners and a number of significant customer agreements in place, we’re confident of making the Cambois Gigafactory a success and growing it into an advanced green energy project. We can’t wait to get started and want to start as soon as possible.
The recharged Britishvolt aims to provide thousands of green, skilled and local jobs that will drive local and national benefits.
Scale Facilitation UK-based advisor, Edward Dawes OBE said “It is tremendous that we have been able to secure this advanced battery facility for the UK. Working with our closest allies, America and Australia, and using world-leading and proven technology, now we can take Britishvolt forward with real purpose. “Scale Facilitation and Recharge Industries have put in place a hugely talented and experienced team, who are looking forward to moving this project on at pace, aligned to strategically important regional, national and international supply chains. This is good for the UK, good for the employees who are in limbo and good for British consumers.”
The collapse of Britishvolt had marked a major setback for the UK’s EV market, and therefore, the country hopes that Recharge Industries can bring the country’s battery plans back to its former glory.
Full statement and image: Recharge Industries