Teesside lithium factory could supply rescued Britishvolt plant

A Teesside factory could supply the vital materials needed to make electric vehicle batteries at the Britishvolt site in the North East.

Tees Valley Lithium, which has planning permission for its 1,000-job lithium hydroxide factory at Wilton International, has revealed it is in talks with Australian start-up Recharge Industries, who were announced yesterday as the buyers of failed battery firm Britishvolt. Recharge plans reinvigorate £3.8bn plans to bring a gigafactory to the Northumberland site having been selected by administrators at EY as the preferred bidder.

Investors in Tees Valley Lithium – which is owned London Stock Exchange-listed Alkemy Capital Investments – have been told the two firms were in negotiations with a view to agreeing a substantial agreement. 

Alkemy Capital Investments plc (LON:ALK, FRA: JV2) is focussed on developing projects in the energy transition metals sector. Alkemy’s wholly-owned subsidiary Tees Valley Lithium (TVL) is developing a state of the art lithium hydroxide plant at Teesside, UK. TVL is Europe’s largest independent and sustainable lithium hydroxide producer.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Alkemy Capital Investments

More articles like this

Alkemy Capital Investments plc

The critical mineral driving the energy transition

Lithium, often referred to as the ‘white gold’ of the energy transition, is a crucial component in battery storage technology. It powers zero-emission vehicles and facilitates the storage of wind and solar energy, allowing clean energy

Alkemy Capital Investments plc

Paving the way for a lithium-powered clean energy future

Lithium is a critical raw material essential to the EU’s transition to clean energy, as outlined in the recently adopted Critical Raw Materials Act (CRMA). The CRMA aims for the European industry to achieve 10% extraction,

Alkemy Capital Investments plc

Lithium demand is exploding

As the world moves into a future powered by batteries, lithium’s light weight and high energy density make it the most sought-after metal for electronic devices of all kinds. At the same time, the way lithium

Alkemy Capital Investments plc

The importance of Mining in the Energy Transition

Many years ago, there was a TV advertisement shot in the kitchen of a family home. All was well until the oven disappeared, then the refrigerator and the kettle. Then the cutlery from the table vanished

Alkemy Capital Investments plc

The importance of Lithium in the Energy Transition

Essential to the energy transition, lithium is such a precious resource that it has been dubbed “white gold”. In 2022, it was mostly extracted by three countries: Australia (47% of global production), Chile (26%) and China

Alkemy Capital Investments plc

Tees Valley Lithium among job generators on Teesside

The North East is set for a year of 10,000 jobs and soaring ambitions as major new projects start taking shape that will change the lives of families across the region. After a 2022 full of amazing previews

Alkemy Capital Investments plc

The role of Lithium in the battery supply chain

Lithium is but one piece in the complex and interwoven battery supply chain. As the US seeks to onshore manufacturing, the landscape for lithium and other battery components will continue to evolve. At the recent Advanced Automotive

Alkemy Capital Investments plc

Rising demand for Lithium-ion batteries

Demand for lithium-ion batteries in energy storage systems and electric vehicles is set to skyrocket and the West must step up its recycling efforts if it is to escape China’s chokehold on the supply chain, says

Alkemy Capital Investments plc

The importance of Graphite in various industries

Electrically conductive, temperature-resistant and a good heat conductor, dimensionally stable, lightweight and more – graphite has numerous positive properties. This makes it the ideal material for a wide range of applications and industries, such as tool

Alkemy Capital Investments plc

The advantages and types of Lithium-Ion batteries

Lithium is quite unique as a material in that it is very light with the lowest reduction potential of  any chemical element which allows batteries based on lithium to have unbeatable performance. The other advantage is

Alkemy Capital Investments plc

Teesside Freeport named top performer in government data

New statistics have made the Teesside Freeport the best performing Freeport in the UK. The data from the Department for Levelling Up, Housing, and Communities show the Teesside Freeport to be outperforming the other eight zones in terms

Alkemy Capital Investments plc

The Rising Demand for Lithium

The demand for lithium is skyrocketing because of its wide applicability across a variety of industries. Lithium batteries now power most electronics, and by 2030, 95% of lithium demand is projected to be for batteries. Smartphones, tablets, and