UK’s first gigafactory could create 3,500 jobs | Economic news

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The country’s first “gigafactory” of batteries took another step after a site in South Wales was identified as the preferred location.

Britishvolt said it had signed a memorandum of understanding with the Welsh government to develop its plans for the “green” factory, which would mainly produce electric car batteries on its own solar power, on the former RAF base in Bro Tathan in the Glamorgan Valley. .

He hoped that up to 3,500 jobs would be created as a result of an initial investment of £ 1.2 billion, but warned that his deal was subject to financial support from the British government’s Auto Transformation Fund to speed up switching to electric vehicles.

Britishvolt said: “A positive outcome from the partnership could enable the scalable production of a world-class portfolio of lithium-ion batteries, creating and expanding a shore-based manufacturing ecosystem and supply chain to support emission targets from the country “Road to Zero”, and an unprecedented transition to electrification. ”

The government confirmed in February that he sought to phase out new gasoline, diesel and hybrid cars by 2035 – advancing the proposed ban by five years amid international efforts to reduce emissions in the fight against climate change.

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Ineos Automotive had planned to open a 4 × 4 vehicle plant in Bridgend until the beginning of the month

He has since identified the need to invest in the so-called green economy as part of the country’s exit from the coronavirus crisis.

the Budget Responsibility Office estimated this week that more than three million jobs could be lost in the UK economy this year as a result of the foreclosure.

The announcement gives hope to workers who lose their jobs due to the closure of the Ford engine plant in Bridgend.

Ten days ago, the region suffered a new blow Ineos has confirmed that it is considering an alternative site in France for its 4 × 4 plant project – which should be built alongside Ford’s aging operation.

The Britishvolt plant would be the first to produce batteries on such a scale – powered by its own solar farm.

Company CEO Orral Nadjari said: “The construction of the solar farm will not only guarantee our Giga plant almost carbon neutral electrical input – complementing our goal of becoming one of the most environmentally friendly battery producers in the world. world – but will also provide cleaner energy to the local area.

“The pandemic acts as a catalyst, creating new markets for greener technologies and underscoring the importance of localized supply chains – that Britishvolt has the support and resources to move forward. “

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