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The Guardian - UK

Business

Jasper Jolly

Britishvolt ‘gigafactory’ site to be sold for £110m to US private equity firm

Britishvolt United States Blackstone Northumberland

Construction of the car batter factory at theBlyth site had begun by the time Britishvolt had been put on ‘life support’ in the summer of 2022. — Construction of the car batter factory at the
Blyth site had begun by the time Britishvolt had been put on ‘life support’ in the summer of 2022. Photograph: Owen Humphreys/PA

The site in north-east England previously owned by the failed battery startup Britishvolt is to be bought for £110m by a US private equity firm, which plans to build one of Europe’s largest data centres.

Blackstone Group is to buy the 95-hectare (235-acre) site near Cambois in Northumberland to take advantage of its links to renewable energy, according to the receivers for one of the Britishvolt companies.

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