- Lithium-ion batteries will be in production by the end of 2023
- By the final phase of the project in 2027 it will be employing up to 3000 highly skilled people, producing over 300,000 lithium-ion batteries for the UK automotive industry
Britishvolt said it has selected a site in northern England to build a £2.6 billion ($3.5 billion) factory. The company has acquired exclusive rights to a site in Blyth Northumberland and intends to begin construction in Summer 2021. Lithium-ion batteries will be in production by the end of 2023.
Total investment for Britishvolt’s gigaplant is £2.6 billion. By the final phase of the project in 2027 it will be employing up to 3000 highly skilled people, producing over 300,000 lithium-ion batteries for the UK automotive industry. It will further provide up to 5000 jobs in the wider supply chain.
Britishvolt CEO, Orral Nadjari said,“We are delighted to have secured this site in Blyth. This is a tremendous moment both for Britishvolt and UK industry. Now we can really start the hard work and begin producing lithium-ion batteries for future electrified vehicles in just three years. It is crucial for the UK automotive industry and for the entire economy that we are able to power the future. The sooner we start, the better.”
95-hectare site
The Britishvolt gigaplant will be built on a 95-hectare site, formerly the site of the Blyth Power Station. It will use renewable energy, including the potential to use hydro-electric power generated in Norway and transmitted 447 miles under the North Sea via the world’s longest inter-connector from the North Sea Link project.
Blyth Valley MP, Ian Levy “This is an incredibly exciting announcement that will have a massive impact in the constituency and the surrounding area for decades to come. I can’t think of anything comparable in the North East since Nissan invested in Sunderland more than 35 years ago.”
He added, “Since Britishvolt first made contact it has been my absolute priority to work in partnership with its leadership team to do everything possible to bring this scheme to Northumberland. Advance Northumberland has also a played a critical role in reaching this point so quickly.”
He further said, “There is still much to do but the prospect of the UK’s first gigaplant on the old Blyth Power Station site directly creating up to 8000 jobs is amazing. These jobs will not only return the area to the status of an industrial powerhouse but will help us retain our graduates and provide a huge boost to struggling high streets. I look forward to working with all involved and will provide the backing necessary to deliver a scheme that is a once in a generation opportunity.”
