UK's first gigaplant readies for construction as EV demand rises

Ground is due to be broken on the UK's first battery gigaplant, built by Britishvolt, in summer 2021, with the plant due to start producing batteries at scale by the end of 2023. The gigaplant is an important step in shortening the UK's battery supply chain and helping ensure that UK automakers comply with the Brexit agreement's rules of origin standard, which dictates that at least 40% of the value of the parts in a finished vehicle originate in the UK, or face paying export fees. In the latest of S&P Global Platts Future Energy Podcast, EMEA metals senior pricing specialist Jacqueline Holman speaks to Britishvolt's Chief Strategy Officer Isobel Sheldon, and Chief Technology Officer Allan Paterson about the company's planned gigafactory in Blythe, Northumberland, and the UK's battery supply chain. They are joined by Mark Mozur, lead analyst of energy transition at Platts Analytics to provide insight on EV demand and whether there will be enough batteries produced domestically to meet this demand. Explore now: The Platts Atlas of Energy Transition, your map to the sustainable commodity markets of the future