BREAKING: Battery start-up Britishvolt has filed to appoint administrators after failing to secure a buyer. The majority of Britishvolt's approximate 300 staff have been made redundant, administrators EY confirmed. 📺 Sky 501,Freeview 233 and YouTube
"We are investing record sums in R and D including the recent announcement of £211m into the Faraday battery challenge."
"There were clear milestones we expect anybody who's received public money to hit and we are looking at the situation very carefully to make sure they are."Britishvolt chief executive Graham Hoare told Sky News in November that staff agreed to aThe £3.8bn gigafactory project, in the Port of Blyth, Northumberland, was backed by £1.7bn of private funding.
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Britishvolt hopes for last-minute bid to stave off collapseThe new bidder is described as 'a British consortium', according to people familiar with the matter.
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Britishvolt files for administration as rescue talks fail\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
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Britishvolt files for administration as rescue talks fail\n\t\t\tJournalists in 50+ countries follow the constant flow of money made and lost in oil & gas while\n\t\t\ttracking emerging trends and opportunities in the future of energy. Don’t miss our exclusive\n\t\t\tnewsletter, Energy Source.\n\t\t
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Monday's national newspaper front pagesSky News takes a look at the stories making headlines in Monday's national newspapers.
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