Blyth battery factory in doubt...

It was always going to be bought out, given the existing infrastructure. Just now needs the required investment and management to properly get off the ground.
 
MVBoro said:
It was always going to be bought out, given the existing infrastructure. Just now needs the required investment and management to properly get off the ground.
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sounds easy, along with the very small details of having a product that is actually technically and commercial viable without £millions of taxpayer money.
 
Billy69_uk said:
sounds easy, along with the very small details of having a product that is actually technically and commercial viable without £millions of taxpayer money.
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Let's hope the aussies have the technical and commercial skills to do it (maybe a big if). I certainly wouldn't be spunking taxpayers money on it, until they have moved the project along and demonstrated some sort of viable product as you say.
 
MVBoro said:
Let's hope the aussies have the technical and commercial skills to do it (maybe a big if). I certainly wouldn't be spunking taxpayers money on it, until they have moved the project along and demonstrated some sort of viable product as you say.
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They are using US technology. As you say, hopefully they have something viable rather than the pure grift speculation that was British Volt.
 
Is this the same Australain firm that is setting up a lithium plant on Teesside to supply battery manufacturers? If it all goes ahead I would guess the Lithium plant will be a major supplier to British Volt.
 
Redwurzel said:
Is this the same Australain firm that is setting up a lithium plant on Teesside to supply battery manufacturers? If it all goes ahead I would guess the Lithium plant will be a major supplier to British Volt.
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It's not the same firm. This buy out doesn't mean that the factory in blyth will be still be built. This deal may mean it will be built, but reading between the lines I think it very unlikely without a lot more government sweetners. They have bought British volt primarily for IP I would suggest.
 
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JackG said:
They've swiftly removed the nonsensical £4 bn headline.
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When I first read the article, I thought that was quite a lot to pay for very little. Very shoddy journalism. I wonder who wrote that originally, Maybe some young kid. BBC getting worse and worse. Apparently the 'Australian firm' is in fact a US hedge fund! Reading the article, I think its ambitions are very much less than what was originally intended. It would be a welcome surprise if this ever got off the ground.
 
Were they not the company who recently got raided by Aus tax inspectors. Another bunch of financial dodgepots by the sounds of it.
 
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