Australia's Recharge Industries acquires battery start-up Britishvolt

Recharge Industries has announced its successful bid for ownership of Britishvolt. The company is a leading provider of battery technology, specializing in production and research and development. 

Based in Geelong, Australia, the firm is currently developing 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 real-world and emerging energy storage solutions.

Based on plans presented by Recharge Industries, the Britishvolt project will make the UK's first 3.8 billion pound ($4.54 billion) worth gigafactory a reality, creating a strategic economic and security asset which will play a critical role in the UK's industrial and net zero strategies, the company has claimed. 

The 'recharged' Britishvolt will provide thousands of green, skilled and local jobs that will drive local and national benefits, it added. Commenting on the successful bid, David A. Collard, Founder and CEO of Scale Facilitation said, "We are thrilled to have been successful in our bid for ownership of Britishvolt; our plans are the right ones for the local community and the UK economy". 

RELATED: Britishvolt, Prologis partner for EV battery plant worth £200 million in West Midlands

"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. We can't wait to get started and want to start as soon as possible", he added.