AMTE Power tells Sky News it is now very difficult to justify keeping production in the UK given the incentives being offered to companies to make green technology in the US.
One of Britain's only battery producers is considering shifting manufacturing from the UK to the US to benefit from American subsidies, Sky News can reveal.
AMTE, whose history includes having made some of the world's very first lithium ion batteries for military customers in the 1990s, has plans for three new special types of cells: one for high-performance vehicles, one for energy storage and one very long-lasting battery. "In the Inflation Reduction Act, the typical support for the running costs of a gigafactory would be between 30 and 50% of the operating costs," he said."The answer is perfectly clear [about] where the most economic place for the gigafactory will be.Several large and small companies, including car giant Volkswagen, have announced plans to open new battery production in the US.
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