The company leading plans for a £3.8bn gigaplant in Northumberland is holding emergency talks to keep its plans afloat.
Britishvolt hopes to produce more than 300,000 lithium-ion batteries a year at Blyth, aiding the UK’s charge towards decarbonisation while also creating 3,000 direct and 5,000 indirect jobs when it reaches full production capacity. But those plans have stalled amid reports the company is holding talks with a number of potential investors after recent market turmoil led to potential supporters backing out.
Britishvolt has now admitted its plans have been “refocused and sharpened given the negative global economic situation” and that it is working on “several potential scenarios that offer the stability needed to enable us to carry on building” the plant in Northumberland.
