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Nanotech Energy reveals plans for new £1bn UK gigafactory

US battery manufacturer Nanotech Energy has revealed it is investigating seven sites in the UK as the final location for a potential £1bn new Gigafactory.
By James Foster January 30, 2023 Read time: 2 mins
Nanotech Energy CEO Jack Kavanaugh
Nanotech Energy CEO Jack Kavanaugh

The final decision, which will be made based on a combination of technical aspects and strategic alignments with OEM partners, could see the UK become a second home for the production of Nanotech Energy's patented, high-performing, non-flammable graphene-powered lithium-ion batteries.

If the project is given the go-ahead, it will complement Nanotech Energy's 517-acre manufacturing facility in Storey County, Nevada, where the first building is due to open imminently and full battery production will begin in 2024.

"After more than seven years of R&D, Nanotech Energy's non-flammable lithium-ion batteries are among the safest and most environmentally friendly options on the market,” said Jack Kavanaugh, chairman, CEO and co-founder of Nanotech Energy. “They also offer significantly better recharge speeds and greater storage capacities than traditional batteries. Moving into a new phase of production at our proposed £1bn Gigafactory will dramatically accelerate the advance of the UK's EV sector."

Nanotech Energy's batteries are safer and higher performing than traditional lithium-ion batteries and battery packs. They feature a competitive energy density and cycle life and can operate between -40°C and +60°C, which is superior to traditional lithium-ion and emerging solid-state batteries. By using electrodes based on graphene, and then enhancing them with a proprietary non-flammable electrolyte, Nanotech Energy's batteries provide the ultimate solution in safety and performance.

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