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 is designed to service the automotive and energy storage markets, with a battery cell production capacity of 35 gigawatt hours (GWh).
If successful, the two companies would produce a portfolio of lithium ion batteries from the gigafactory 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.”
Britishvolt’s chief executive Lars Carlstrom added: “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.
“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.”
The two battery startup companies, which have identified various potential sites, are aiming for a target product launch date of 2023.