New Britishvolt owner Recharge Industries says its plans for a North East gigaplant will be ‘a huge project for a long period of time’.
The Australian company completed the acquisition of Britishvolt out of administration earlier this month, reviving ambitions for a £3.8bn electric vehicle battery plant in Cambois which had lain in tatters following the collapse of the start up in January, due to lack of funding. Now David A. Collard, founder and chief executive of Recharge Industries’ owner Scale Facilitation, has outlined his bold vision for the region to North East business leaders, describing how the factory near Blyth could become an international market leader.
Mr Collard took part in a roundtable event hosted by the North East England Chamber of Commerce, centred around research and development, partnership opportunities, recruitment and skills, regional regeneration and business culture. He said: “This will be a huge project for a long period of time, as energy transition is a growth market and it is not going to change. The UK has the potential to, and could become, the global experts in this field.
