The new owner of the Britishvolt project says it will create “thousands of green, skilled and local jobs” in Northumberland after completing the deal to buy the failed company.
Recharge Industries, an Australian firm which is owned by a New York-listed investment company, will take over the project to build a battery plant at Cambois, Northumberland. The firm had been identified earlier this month as the preferred bidder to take over the majority of the business and the deal has now been completed.
Recharge’s chief executive David Collard 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. Our proposal combined our financial, commercial, technology and manufacturing capabilities, with a highly credible plan to put boots and equipment on the ground quickly.
