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.
Enjoy 12 months of exclusive analysis
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Annual digital subscription to the PV Tech Power journal
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
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±