{"id":26,"date":"2023-06-15T12:02:00","date_gmt":"2023-06-15T11:02:00","guid":{"rendered":"https:\/\/www.battery.uk.com\/blog\/?p=26"},"modified":"2023-11-13T08:03:28","modified_gmt":"2023-11-13T08:03:28","slug":"an-australian-startup-named-recharge-has-completed-a-deal-to-acquire-britishvolt","status":"publish","type":"post","link":"https:\/\/www.battery.uk.com\/blog\/index.php\/2023\/06\/15\/an-australian-startup-named-recharge-has-completed-a-deal-to-acquire-britishvolt\/","title":{"rendered":"Britishvolt call in administrators"},"content":{"rendered":"\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Britishvolt, the company that planned to build a \u00a33.8 billion battery plant in Blyth, has gone into administration, leaving about 300 workers jobless with immediate effect.<br>The plant was supposed to create 3,000 direct and 5,000 indirect jobs in the electric vehicle (EV) battery sector, and was seen as a case of \u2018levelling up\u2019.<br>However, the company\u2019s board reportedly decided on Monday (January 16) that there were no feasible offers to save the company.<br>Frank Gordon, policy director at the Association for Renewable Energy and Clean Technology (REA), said: \u201cThis shows the need for a strong UK industrial strategy and supply chain support (like the U.\u2019s Inflation Reduction Act) to seize the huge potential of net zero.<br>\u201cChris Skidmore\u2019s Net Zero Review report highlighted the opportunities and urgency of doing so just last week.<br>\u201cWe are thinking of the staff and their families who are affected by any redundancies and we hope that someone else will take over this project as the site is widely regarded as ideal for making batteries.\u201d<br>Gordon added: \u201cThe UK needs at least three such battery plants and we must see rapid progress towards this to achieve net zero.\u201d<br>The UK only has one battery plant owned by China next to the Nissan factory in Sunderland, while the EU has 35 plants that are either planned or already being built.<br>EY, the joint administrators, said the move was \u201cdisappointing\u201d, and said they were offering support to all affected staff.<br>Dan Hurd, joint administrator and partner at EY, said Britishvolt had presented \u201ca great opportunity to create jobs and employment, as well as support the development of technology and infrastructure needed to help with the UK\u2019s energy transition\u201d.<br>Hurd said the administrators would now look for options to sell the business and assets.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-contrast-color has-text-color has-link-color wp-elements-60bf8c67e2b6a9a3c02661d382b116e1\"><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img decoding=\"async\" src=\"https:\/\/www.battery.uk.com\/images\/P\/Recarge%20take%20over%20uk%20company.jpg\" alt=\"\"\/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Britishvolt, the company that planned to build a \u00a33.8 billion battery plant in Blyth, has gone into administration, leaving about 300 workers jobless with immediate effect.The plant was supposed to create 3,000 direct and 5,000 indirect jobs in the electric vehicle (EV) battery sector, and was seen as a case of \u2018levelling up\u2019.However, the company\u2019s [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"_links":{"self":[{"href":"https:\/\/www.battery.uk.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/26","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.battery.uk.com\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.battery.uk.com\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.battery.uk.com\/blog\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.battery.uk.com\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=26"}],"version-history":[{"count":4,"href":"https:\/\/www.battery.uk.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/26\/revisions"}],"predecessor-version":[{"id":31,"href":"https:\/\/www.battery.uk.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/26\/revisions\/31"}],"wp:attachment":[{"href":"https:\/\/www.battery.uk.com\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=26"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.battery.uk.com\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=26"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.battery.uk.com\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=26"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}