UK battery gigafactory startup Britishvolt slides into administration

By Molly Lempriere
LinkedIn
Twitter
Reddit
Facebook
Email

Britishvolt going into administration has been dubbed “a real shame” by the Association for Renewable Energy and Clean Technology (REA), in particular given the need for an effective battery energy storage supply chain in the UK.

The battery company was looking to build the UK’s first lithium-ion gigafactory in the Port of Blyth in Northumberland. There were 300 people employed by the company to deliver the £3.8 billion battery factory.

The closure follows failed efforts to find additional investors over recent months, leading Britishvolt to announce it was going into administration yesterday (17 January). EY has been appointed as the accountancy firm in charge of managing the company’s assets.

To read the full version of this story, visit Current±

Read Next

February 8, 2023
Portugal-based utility EDP has received clearance to deploy a 1MWh vanadium redox flow battery (VRFB) system as part of a hybrid energy storage project at the site of a retiring gas plant in Asturias, Spain.
February 8, 2023
“Overall we are very happy with the direction of the budget,” says Dr Rahul Walawalkar, president of the India Energy Storage Alliance (IESA).
February 7, 2023
Singapore-based VFlowTech has raised a US$10 million Series A to set up a manufacturing facility and scale up production of its 250kWh vanadium flow battery product.
February 6, 2023
Residential solar and battery installer Sunrun has partnered with California utility PG&E to create a new virtual power plant (VPP) combining up to 30MW of new and existing home PV and battery systems for grid reliability.
February 6, 2023
Some organisations consulted for a UK government study believe that the safety of second life EV batteries in residential energy storage “can never be guaranteed” while others believe an enabling framework is possible.

Most Popular

Email Newsletter