UK company Britishvolt has a clear and ambitious aim. It wants to build the UK’s first battery gigaplant and establish the UK as the leading force in battery technology.
With extensive experience in investment banking — acting as a structuring, development, and placement adviser to many established and startup businesses — CEO Orral Nadjari is well placed to lead. He tells Business Insider: “The UK's first battery gigaplant is essential to the UK automotive and energy sectors and the whole of British industry as we move to an electrified, zero-emissions future. It is the next industrial revolution.”
The Welsh Government has signed a memorandum of understanding with Britishvolt to develop the gigafactory, which would be built alongside a 200MW solar plant, at a former RAF base in South Wales, with construction to start in early 2021. It is hoped that the company’s initial £1.2 billion of investment could result in more than 3,500 local jobs.
Britishvolt’s challenge is aligned with government industrial strategy and, Nadjari adds, “it is so crucial to the future dynamics of the automotive and energy industries in the UK, which is why the capital markets will follow suit. My team and I are working tirelessly towards this, together with our world-class partners, experts, governments and communities.”