WAE Technologies owner Fortescue predicts 300 jobs at new site, which will supply the heavy plant sector
Australian mining giant Fortescue Metals, owner of WAE Technologies, plans to build an EV battery factory in Oxfordshire, employing 300 people and targeting a capacity of 400MWh per year. As reported by Sky News, which spoke to Fortescue founder and CEO Andrew Forrest at the World Economic Forum in Davos, the WAE Technologies plant will be in operation as soon as April and could ultimately create "hundreds and hundreds of new jobs".
Fortescue plans to use WAE's expertise in electrification to help it reach a goal of carbon-neutrality across its mining operations by 2030. Previously announced are plans for WAE to develop batteries for electric freight trains, quarry trucks and other heavy plant machinery. It's anticipated that these will be the units produced in Oxfordshire. Hydrogen fuel cell technology is also in the pipeline.
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