An EV battery pack
UK’s Britishvolt secures funding for EV battery gigaplant
Plant designed to produce 300,000 lithium-ion EV battery packs a year, with startup schedule for late 2023 or early 2024
UK battery technology company Britishvolt has secured £1.7bn ($2.3bn) of private funding plus UK government support for a planned £3.7bn electric vehicle (EV) battery gigaplant in Blyth, Northumberland. The private investment is from logistics and real estate investor Tritax and asset management company Abrdn. The government has made an “in principle offer” of funding though its Automotive Transformation Fund. The new plant, to be developed on the site of a coal yard used by the former Blyth power station in Cambois, is scheduled to start up in the fourth quarter of 2023 or early 2024. The plant will build enough lithium-ion cells each year for over 300,000 EV battery packs. “Britishvolt wil
Also in this section
19 June 2025
Andean country has become a leading destination for voluntary carbon credit investment, but challenges remain
18 June 2025
Gas Processors Association Europe brings together leading specialists at annual event in Netherlands to analyse the challenges and opportunities presented by technology at heart of Europe’s decarbonisation strategy
10 June 2025
Eni’s CCUS deal with BlackRock’s Global Infrastructure Partners reflects a growing belief among big investors in the CCUS growth story
3 June 2025
Africa faces challenges in adopting CCS but also has vast potential, with the technology being not just a climate tool but a catalyst for development
