The new owners of collapsed firm Britishvolt are planning to use the Northumberland site to supply batteries to the Australian military.
Australian firm Recharge Industries bought Britishvolt after it went into administration earlier this year.
Since then Recharge has been in negotiation with administrators EY to also secure use of the site near Blyth.
Since then Recharge has been in negotiation with administrators EY to also secure use of the site near Blyth.
Securing use of the site is the crucial first step in Recharge’s plan to build batteries for military, heavy commercial and stationary storage purposes.
Australian energy firm EDEA has been involved in talks with Recharge to build power units for Australian military vehicles.
The BBC understands a deal would see Recharge paying EY £2.5m for outstanding fees. It would pay an additional £11m to property investor Katch, which has a financial claim to the site.
If it does go ahead, the planned manufacturing plant would not produce batteries for mass market cars for the foreseeable future, but it is hoped it would still provide thousands of jobs in the north east of England.
However, the BBC understands members of Northumberland County Council still have doubts over Recharge’s ability to deliver the multibillion pound plant.
The new owners of collapsed firm Britishvolt are planning to use the Northumberland site to supply batteries to the Australian military.
Since then Recharge has been in negotiation with administrators EY to also secure use of the site near Blyth.
Australian firm Recharge Industries bought Britishvolt after it went into administration earlier this year.
Securing use of the site is the crucial first step in Recharge’s plan to build batteries for military, heavy commercial and stationary storage purposes.
Since then Recharge has been in negotiation with administrators EY to also secure use of the site near Blyth.
Since then Recharge has been in negotiation with administrators EY to also secure use of the site near Blyth.
Securing use of the site is the crucial first step in Recharge’s plan to build batteries for military, heavy commercial and stationary storage purposes.
Australian energy firm EDEA has been involved in talks with Recharge to build power units for Australian military vehicles.
The BBC understands a deal would see Recharge paying EY £2.5m for outstanding fees. It would pay an additional £11m to property investor Katch, which has a financial claim to the site.
If it does go ahead, the planned manufacturing plant would not produce batteries for mass market cars for the foreseeable future, but it is hoped it would still provide thousands of jobs in the north east of England.
However, the BBC understands members of Northumberland County Council still have doubts over Recharge’s ability to deliver the multibillion pound plant.
#Britishvolt #aims #supply #batteries #Australian #military
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