A megafactory proposed for Dundee could be moved to America because of subsidies on offer under President Biden’s Inflation Reduction Act.
The chief executive of Thurso-based battery manufacturer AMTE Power told Sky News the company is considering shifting production because the new US package of subsidies for green companies to make green technology makes the states more competitive.
The company announced the proposal to create a megafactory in the Scottish city in July last year. The plan is set to bring hundreds of new jobs to the area, creating 215 on-site positions and 800 roles in the wider supply chain during development and operations.
AMTE Power plc (LON:AMTE) is a recognised brand in the production of high-quality lithium-ion batteries across a range of markets including automotive, aerospace, defence, oil & gas and energy storage. They have been been producing cells for over 30 years at their factory in Scotland, which can trace its roots back to the birth of lithium-ion battery cell technology, first patented in the UK.