US battery manufacturer, Nanotech Energy, is considering seven potential sites in the UK for a new GBP 1 billion Gigafactory. The company plans to produce its graphene-powered lithium-ion batteries at the new facility, which will complement its existing 517-acre manufacturing facility in Nevada. The final decision will be based on technical considerations and strategic partnerships with original equipment manufacturers (OEMs).
If the plan becomes a reality, the new factory will accelerate the growth of the UK’s electric vehicle (EV) sector, according to Dr. Jack Kavanaugh, Chairman, CEO and co-founder of Nanotech Energy. He said, “Battery storage is finally set to fulfill its potential. After more than seven years of R&D, Nanotech Energy’s non-flammable lithium-ion batteries are among the safest and most environmentally friendly options on the market. They also offer significantly better recharge speeds and greater storage capacities than traditional batteries.”
Nanotech Energy’s batteries are enhanced with a proprietary non-flammable electrolyte and electrodes based on graphene, which improves both safety and performance. The first building at the Nevada facility is set to open in Q4 2022, with full battery production beginning in 2024.