‘Britishvolt will be the anchor for attracting further sections of the supply chain, be it refining or recycling, to co-locate on the Britishvolt site…’
The UK Government is backing Britishvolt’s new Gigafactory plans with ‘an in principle offer’ of funding through the Automotive Transformation Fund. The facility, which will be located in Blyth, Northumberland, UK, and have a total capacity in excess of 30GWh by the end of the decade, will produce enough batteries for more than 300 000 electric vehicles each year, supporting the UK Government’s plans to decarbonise transport.
The Government said that its backing of the Gigafactory will help to ‘unlock a significant amount of further support from private investors.’ In addition, the project is set to create some 3000 direct jobs and another 5000 indirect jobs in the wider supply chain.
Located on the site of a former power station, Britishvolt has said that advanced works on the new facility started in September 2021, following a ‘unanimous planning decision approval earlier in the year.’ The project will be built in phases to keep up with technology advancements. The company added that Phase One of the facility is scheduled to become operational between the final quarter of 2023 and the first quarter of 2024.
Peter Rolton, Britishvolt Executive Chairman, commented: ‘Britishvolt will be the anchor for attracting further sections of the supply chain, be it refining or recycling, to co-locate on the Britishvolt site. This not only shortens supply chains, but also allows for partners to access the abundance of renewable energy on site to truly power low carbon, sustainable battery production.’