The final decision, which will be made based on a combination of technical aspects and strategic alignments with OEM partners, could see the UK become a second home for the production of Nanotech Energy's patented, high-performing, non-flammable graphene-powered lithium-ion batteries.
If the project is given the go-ahead, it will complement Nanotech Energy's 517-acre manufacturing facility in Storey County, Nevada, where the first building is due to open imminently and full battery production will begin in 2024.
"After more than seven years of R&D, Nanotech Energy's non-flammable lithium-ion batteries are among the safest and most environmentally friendly options on the market,” said Jack Kavanaugh, chairman, CEO and co-founder of Nanotech Energy. “They also offer significantly better recharge speeds and greater storage capacities than traditional batteries. Moving into a new phase of production at our proposed £1bn Gigafactory will dramatically accelerate the advance of the UK's EV sector."
Nanotech Energy's batteries are safer and higher performing than traditional lithium-ion batteries and battery packs. They feature a competitive energy density and cycle life and can operate between -40°C and +60°C, which is superior to traditional lithium-ion and emerging solid-state batteries. By using electrodes based on graphene, and then enhancing them with a proprietary non-flammable electrolyte, Nanotech Energy's batteries provide the ultimate solution in safety and performance.
