- Britishvolt, the leading UK battery cell technology specialist, enters into an MoU (Memorandum of Understanding) with Durham University, Newcastle University & Northumbria University
- Universities to provide research and educational support, as well as enhancing the innovation capabilities of Britishvolt
- Britishvolt remains on-track to start production of world-class, lithium-ion batteries for automotive applications by the end of 2023, scaling up to full production of 30GWh in 2027
Northumberland, 1st June 2021 – An agreement between Britishvolt, the UK’s foremost investor in lithium-ion battery cell technologies, and three of the North East’s leading Universities will provide support in education and R&D to enhance innovation.
The company has entered into an MoU (Memorandum of Understanding) with Durham, Newcastle and Northumbria Universities to benefit from their world-leading expertise.
The partnership will see the three universities providing Britishvolt with support in R&D and innovation with the view to becoming the educational providers of choice moving forward.
Dr. Allan Paterson, Chief Technology Officer, Britishvolt:
“We are delighted to enter into this partnership with three of the North East’s leading universities, helping us to explore collaborative R&D opportunities looking at future technology advancement and assist in building out the required skills needed to further the UK’s battery industry.
“Alongside the universities we are hoping to inspire the next generation of scientists and engineers by familiarising themselves with battery technology and the Britishvolt project.”
Professor Chris Day, the Vice-Chancellor and President of Newcastle University:
“Newcastle University carries out internationally leading battery research in everything from fundamental material science, through battery recycling and safety, to energy systems integration. This vital research into energy storage is pivotal for meeting the country’s net-zero commitments and I’m delighted that with these strengths in science and research we’re working with Britishvolt to ensure they can access the skills required to build the UK’s first battery Gigafactory here in the North East.”
Professor Stuart Corbridge, Vice-Chancellor of Durham University:
“Britishvolt’s commitment to North East England is very positive, and a further boost as we seek to lead the UK’s economic revival through and following the Covid-19 pandemic. Durham University undertakes internationally leading research in areas including energy generation, storage, networks and conversion and we’re excited to work with Britishvolt and other North East universities to power up our region’s recovery.”
Professor Andrew Wathey CBE, Vice-Chancellor and Chief Executive at Northumbria University:
“Britishvolt has made a hugely significant commitment to the region that will create high value jobs and economic opportunity. Northumbria offers world-leading research in areas such as physical and electrical engineering, energy materials and battery technology and we are looking forward to using these strengths within this partnership to help put the region at the forefront of renewable energy and sustainable transport on a global scale. As the largest provider of graduates in the North East’s professional jobs market we are ready to deliver a pipeline of highly-skilled undergraduates, masters and PhD students to meet growing demand in this sector – and help meet our zero-carbon targets.”
The announcement comes as Universities UK (UUK) highlights the economic impact of Universities in the North East this week as part of #GettingResults – a campaign to put universities at the heart of the economic and social recovery. It comes with a renewed commitment from universities to do even more to reach out to new partners locally and nationally and deliver even greater impact than currently estimated.
Britishvolt remains on track to begin construction of its Gigaplant, located in Northumberland, later this year, with production of battery cells due to begin in Q4 2023.
Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectation intended to qualify for the ‘safe harbor’ under the U.S. Private Securities Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements.
The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, competition including those factors which may affect our cost advantage, equipment procurement, wage increases, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time contracts or time and material construction contracts, customer concentration, restrictions on immigration, industry segment concentration, our ability to manage international operations, reduced demand, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages related to battery service agreements, the success of the companies in which Britishvolt has made strategic partnerships, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies and unauthorised use of our intellectual property and general economic conditions affecting our industry. In addition, please note any forward-looking statements contained herein are based on assumptions we believe to be reasonable as of the date of this press release.