The move will take Britishvolt, which had planned to develop the UK's biggest EV battery factory, out of administration.
Britishvolt filed for administration in January after talks with potential buyers fell through. The company had been planning to construct a £3.8bn lithium-ion battery cell 'gigaplant' in Blyth, Northumberland.
Based in Geelong, Recharge Industries is currently developing what it says is Australia’s first large-scale lithium-ion cell production facility to provide safer, more efficient and recyclable batteries, as well as investing in research and development of next-generation solutions to emerging energy storage solutions.
Recharge Industries says it has presented plans that will make the the UK’s first Gigafactory a reality via the Britishvolt project, creating a strategic economic and security asset which will play a critical role in the UK’s industrial and net zero strategies.
Commenting on the successful bid, David Collard, founder and CEO of Scale Facilitation, the US-based owner of Rechareg Industries, said: “Our proposal combined our financial, commercial, technology and manufacturing capabilities, with a highly credible plan to put boots and equipment on the ground quickly.
“Our technology – including an exclusive license for the intellectual property and battery technology – has been developed and validated over the last decade through C4V in the US and will be the backbone of both gigafactories in Geelong and Cambois.
“Backed by our global supply chain, strategic delivery partners and a number of significant customer agreements in place, we’re confident of making the Cambois Gigafactory a success and growing it into an advanced green energy project."
