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Mid-Nickel",103.5,99.73,3.78,13.78,6.78,[518,519,520,522,524,526,528,530,532,534,536,538],{"date":213,"value":512},{"date":216,"value":513},{"date":219,"value":521},99.19,{"date":222,"value":523},96.02,{"date":225,"value":525},98.23,{"date":467,"value":527},99.24,{"date":329,"value":529},101.29,{"date":339,"value":531},87.61,{"date":341,"value":533},92.44,{"date":344,"value":535},90.96,{"date":347,"value":537},92.24,{"date":350,"value":539},95.09,{"id":541,"uuid":542,"name":543,"slug":544,"full_slug":545,"content":546,"relatedArticles":687,"relatedVideos":688},112472609246574,"51daf9bf-eda9-42db-85ae-e5249ca9c0d4","UK warns on gigafactories as Britishvolt signs Posco deal","uk-warns-on-gigafactories-as-britishvolt-signs-posco-deal","article/uk-warns-on-gigafactories-as-britishvolt-signs-posco-deal",{"_uid":547,"date":548,"tags":549,"editor":550,"content":560,"excerpt":663,"featured":51,"reporter":664,"_editable":668,"component":669,"seo_title":543,"categories":670,"visibility":679,"author_company":49,"featured_image":680,"seo_description":663,"author_full_name":49,"author_job_title":49,"formattedDate":685,"formattedArticleDate":686},"93bfdbc2-3fbf-4d5c-add0-21affa7150e8","2022-06-30 00:00",[],[551],{"slug":552,"name":553,"content":554},"didi-bostock","Didi Bostock",{"job_title":555,"image":556,"bio":558,"linkedin":559},"Editor - Energy Transition & Economics",{"filename":557},"https://a.storyblok.com/f/287943243085208/512x512/2c5ca5c1a3/didi-bostock.jpeg","Didi is the Energy Transition & Economics Editor at Benchmark, covering a broad range of markets across the energy transition. His remit spans from downstream sectors such as BESS and EVs, through to midstream such as new technologies and battery production, to upstream critical minerals mining. He also leads on financial analysis across these supply chains, alongside in-depth policy analysis.\n","https://www.linkedin.com/in/didi-bostock-656342198/",{"type":561,"content":562},"doc",[563,570,575,580,585,590,595,600,605,610,615,618,623,628,633,638,643,648,653,658],{"type":564,"attrs":565,"content":566},"paragraph",{"textAlign":49},[567],{"text":568,"type":569},"The UK must significantly increase the number of domestic battery gigafactories if it is to meet its climate change targets, an official report warned, as startup Britishvolt signed a deal with South Korea’s Posco to shore up supplies of battery materials.","text",{"type":564,"attrs":571,"content":572},{"textAlign":49},[573],{"text":574,"type":569},"To minimise the risk of electric vehicle automakers moving overseas, the UK needs 140 gigawatt hours of capacity in domestic gigafactories by 2040, a report published this week by the UK Climate Change Committee said. This will require significant investment as only 68 GWh has been announced up to 2028, it said.",{"type":564,"attrs":576,"content":577},{"textAlign":49},[578],{"text":579,"type":569},"This warning comes as Britishvolt, a battery startup, said it signed a deal with Posco for supply for anode and cathode active material to its gigafactory under construction in Northumberland. ",{"type":564,"attrs":581,"content":582},{"textAlign":49},[583],{"text":584,"type":569},"The CCC report acknowledged that the UK was on track to meet its electric passenger vehicles targets. However, it suggested the Department for Business, Energy and Industrial Strategy and the Department for Transport “work with the UK car industry to ensure that, where viable, EV supply chains are localised within the UK.”",{"type":564,"attrs":586,"content":587},{"textAlign":49},[588],{"text":589,"type":569},"To do this will require 140 GWh of gigafactories, the report said. The Faraday Institution, a UK-based government-backed body, said last week the UK would need ten gigafactories with 200 GWh of production capacity by 2040. ",{"type":564,"attrs":591,"content":592},{"textAlign":49},[593],{"text":594,"type":569},"Benchmark, however, assesses that the UK will have only 70 GWh of domestic production capacity by 2040. ",{"type":564,"attrs":596,"content":597},{"textAlign":49},[598],{"text":599,"type":569},"“It’s not unachievable,” said Evan Hartley, a Benchmark analyst. “But, it’s not currently looking likely that the 140 GWh will be achieved by 2040.”",{"type":564,"attrs":601,"content":602},{"textAlign":49},[603],{"text":604,"type":569},"In 2021, the UK had just 1.9 GWh of capacity. That came entirely from the Envision Sunderland plant which China’s Envision acquired when it bought Nissan’s AESC subsidiary in 2019.",{"type":564,"attrs":606,"content":607},{"textAlign":49},[608],{"text":609,"type":569},"By 2035, this will increase to 70 GWh with the addition of two more plants, according to Benchmark’s Gigafactory Assessment. The first, by Envision AESC/Nissan, is an additional 38 GWh gigafactory in Sunderland that’s expected to go online by 2024. The second is Britishvolt’s 30 GWh factory in Blyth which Benchmark forecasts also go online in 2024, reaching maximum capacity in 2030.",{"type":564,"attrs":611,"content":612},{"textAlign":49},[613],{"text":614,"type":569},"Compared to its European counterparts, the UK’s gigafactory capacity forecast is falling behind. Germany is set to increase its capacity from 0.3 GWh in 2021 to 448 GWh by 2035, helped, in part, by Tesla’s 200 GWh Berlin gigafactory due to begin operating next year, according to Benchmark.",{"type":564,"attrs":616,"content":617},{"textAlign":49},[],{"type":564,"attrs":619,"content":620},{"textAlign":49},[621],{"text":622,"type":569},"“To attract more gigafactories to the UK will require stronger EV commitments from the UK auto industry such as JLR (Jaguar Land Rover) and Rolls Royce,” Hartley said. ",{"type":564,"attrs":624,"content":625},{"textAlign":49},[626],{"text":627,"type":569},"“If in the next 2-3 years BritishVolt is seen as successful,” Hartley added, “it could start a knock on effect to help grow the UK gigafactory industry.”",{"type":564,"attrs":629,"content":630},{"textAlign":49},[631],{"text":632,"type":569},"Orral Nadjari, chief executive of Britishvolt, said the deal with Posco “paves the way to providing Britishvolt with a secure supply of active battery materials as we start to ramp up pilot production prior to switching to volume manufacture of battery cells at our Gigaplant facility in Northumberland, United Kingdom, in the coming years.”",{"type":564,"attrs":634,"content":635},{"textAlign":49},[636],{"text":637,"type":569},"Although Posco doesn’t have any UK-based active material production plants, it is currently constructing an NCM811 plant in Poland due to begin production in 2025, that may be able to provide Britishvolt with European material in line with the battery maker’s plans for a local supply chain.",{"type":564,"attrs":639,"content":640},{"textAlign":49},[641],{"text":642,"type":569},"This is just the latest in a string of agreements signed by Britishvolt. In March, they signed an agreement with Indonesia’s VKTR, a division of Bakrie Autoparts, to develop a nickel sulphate plant in Indonesia that would eventually supply Britishvolt’s gigafactory.",{"type":564,"attrs":644,"content":645},{"textAlign":49},[646],{"text":647,"type":569},"And earlier in June this year it signed a non-binding agreement with US company ENTEK to develop and supply battery separator technologies. The plan envisioned ENTEK collocating at Britishvolt’s Northumberland site.",{"type":564,"attrs":649,"content":650},{"textAlign":49},[651],{"text":652,"type":569},"“They are one of the most promising startups,” Hartley said. “If they are making these moves then they are going in the right direction.”",{"type":564,"attrs":654,"content":655},{"textAlign":49},[656],{"text":657,"type":569},"All of the current and planned UK gigafactories are in the North East of the country. In part, this has been aided by the government’s plan to ‘level up’ the region. However, other regions are looking to attract gigafactories, too.",{"type":564,"attrs":659,"content":660},{"textAlign":49},[661],{"text":662,"type":569},"A joint venture between Coventry’s city council and Coventry Airport is hoping to build a battery gigafactory in the West Midlands. As yet, no manufacturer has been named for the site which the JV says will have a capacity of 60 GWh.","The UK must significantly increase the number of domestic battery gigafactories if it is to meet its climate change targets, an official report warned, as startup Britishvolt signed a deal with South Korea’s Posco to shore up supplies of battery materials. To minimise the risk of electric vehicle automakers moving overseas, the UK needs 140 […]",[665],{"slug":552,"name":553,"content":666},{"job_title":555,"image":667,"bio":558,"linkedin":559},{"filename":557},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"93bfdbc2-3fbf-4d5c-add0-21affa7150e8\", \"id\": \"\"}-->","article",[671,674,676],{"slug":672,"name":673},"batteries","Batteries",{"slug":675,"name":298},"cathode",{"slug":677,"name":678},"gigafactories","Battery & Gigafactory","private",{"id":49,"alt":681,"name":681,"focus":681,"title":681,"source":681,"filename":682,"copyright":681,"fieldtype":683,"meta_data":684,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/d64eb18e2f/bm-britishvolt-posco.jpg","asset",{"alt":681,"title":681,"source":681,"copyright":681},"Jun 30, 2022","30th June 2022",[],[],1784633824318]