A UK-based startup currently building a 38GWh battery giga plant in Northumberland has signed a deal to secure the supply of important active battery materials, cathodes and anodes.British Bolt has signed a memorandum of understanding [MoU] In collaboration with POSCO Chemical Co., Ltd., a major supplier of battery materials, we secure a stable supply of anodes and cathodes, which are active materials called electrodes.
These electrodes are part of the basic battery component, where the anode emits electrons as needed and the cathode absorbs the emitted electrons.
Together, these electrodes are often highly conductive rods that help complete the circuit and allow electricity to pass through it.
“Supply safety is an important pillar of British Bolt’s business model to ensure consistent production of low-carbon, domestically produced sustainable battery cells,” according to a British Bolt statement.
Orral Nadjari, Founder and CEO of Britishvolt, said:
“The Memorandum of Understanding with POSCO paves the way for Britishvolt to provide a safe supply of active battery material by starting to increase pilot production before switching to mass production of battery cells at the Gigaplant facility in Northumberland, England. increase. ..
“This is in full agreement with our own strict ESG principles and commitments, and our business model of early partnership with the supply chain to enable us to manufacture cells to meet customer requirements. I’m emphasizing. “
The MoU also includes provisions for joint material testing and European Union localization, where practical.
POSCO Chemical President Min Kyung-Zun said: We will strengthen the competitiveness of both companies. “
Read more: UK CEO praises Brexit’s move as Britain’s first giga factory
Earlier this month, the company announced that it would build a £ 200 million battery scale-up facility in West Midlands to create a new cell format to help build “high-performance, ready-to-produce, cheaper batteries for EVs.” Did.
By combining this facility with Giga Factory, British Bolt is reportedly looking abroad to meet the needs of companies like Jaguar Land Rover, which has hit the UK car industry in recent years. I think it can be revived.
As more major automakers announce plans to move to electric vehicles, the UK-based Giga Factory could help encourage more automakers to set up stores in the UK. I have.