Britishvolt "sold"
Posted: Mon Feb 27, 2023 3:07 pm
So, the failed Britishvolt "gigafactory" battery plant has been bought by an Australian firm Recharge Industries™. Recharge Industries is, in turn, owned by New York-based investment fund, Scale Facilitation.
Apparently they're going to shift focus to producing batteries for stationary storage, rather than the (dwindling/non-existent) UK BEV car manufacturers.
My question is, what have they actually "bought"? No plant exists, staff have almost all been made redundant. They didn't even have a product.
https://www.bbc.co.uk/news/business-64754879
Apparently they're going to shift focus to producing batteries for stationary storage, rather than the (dwindling/non-existent) UK BEV car manufacturers.
My question is, what have they actually "bought"? No plant exists, staff have almost all been made redundant. They didn't even have a product.
https://www.bbc.co.uk/news/business-64754879