London, UK, February 27, 2023 - Recharge Industries™, a portfolio company of Scale Facilitation®, has been successful in its bid for ownership of Britishvolt. Recharge Industries™ is a leading provider of battery technology, specialising in production and research and development. Based in Geelong, Australia, the firm is currently developing Australia’s first large-scale lithium-ion cell production facility to provide safer, more efficient and recyclable batteries, as well as investing in research and development of next-generation solutions to real-world and emerging energy storage solutions. Under plans presented by Recharge Industries™, the Britishvolt project will make the UK’s first Gigafactory a reality, creating a strategic economic and security asset which will play a critical role in the UK’s industrial and net zero strategies. The recharged Britishvolt will provide thousands of green, skilled and local jobs that will drive local and national benefits. Commenting on the successful bid, David A. Collard, Founder and CEO of Scale Facilitation® said “We are thrilled to have been successful in our bid for ownership of Britishvolt; our plans are the right ones for the local community and the UK economy. “Our proposal combined our financial, commercial, technology and manufacturing capabilities, with a highly credible plan to put boots and equipment on the ground quickly. “Our technology – including an exclusive license for the intellectual property and battery technology – has been developed and validated over the last decade through C4V in the US and will be the backbone of both gigafactories in Geelong and Cambois. “Backed by our global supply chain, strategic delivery partners and a number of significant customer agreements in place, we’re confident of making the Cambois Gigafactory a success and growing it into an advanced green energy project. We can’t wait to get started and want to start as soon as possible. “The North East of England has a real depth of history and talent in manufacturing and engineering. I recently spent time in the area to get to know the people and the site, and I was struck by the similarities to our Recharge Industries™ site in Geelong, Australia. “I was really taken by the passion and pride that the people have for the region and their determination to get behind a project that can drive lasting change. We have the right plan in place, to match and support the region’s energy and ambition to become a major player in the international battery market. “We would like to thank all of our global advisors who worked tirelessly with us to deliver this transaction. From Australia, KordaMentha and 333 Capital who led the negotiation as the Lead Financial and Restructuring Advisor; the London team from Sidley Austin LLP as Legal Counsel and PricewaterhouseCoopers as our Global Tax Advisors." Scale Facilitation® UK-based advisor, Edward Dawes OBE said “It is tremendous that we have been able to secure this advanced battery facility for the UK. Working with our closest allies, America and Australia, and using world-leading and proven technology, now we can take Britishvolt forward with real purpose. “Scale Facilitation® and Recharge Industries™ have put in place a hugely talented and experienced team, who are looking forward to moving this project on at pace, aligned to strategically important regional, national and international supply chains. This is good for the UK, good for the employees who are in limbo and good for British consumers."
-ENDS- About Recharge Industries™ Generating our green future, Recharge Industries™ is establishing a large-scale lithium-ion battery cell production and research capability in Australia. Using world leading artificial intelligence (AI) and multinational research partnerships, we are finding ways to make batteries better, safer, and longer lasting. We are powering the transition to a low emissions future by creating advanced battery cell manufacturing capabilities onshore. For more information on Recharge Industries™, please visit www.rechargeindustries.com or connect with Recharge Industries™ on Linkedin and Twitter. About Scale Facilitation® With its Global Headquarters in Manhattan and its Global Innovation Center in Geelong, Australia, Scale Facilitation® is working bilaterally to bring together research, advanced manufacturing, capital, supply chains and talent. Scale Facilitation® is an investment firm with a novel approach de-risking projects by empowering innovators to maintain focus on their craft and facilitating the many critical services and capabilities required to deliver large-scale advanced manufacturing and innovation projects. Scale Facilitation® removes the many barriers to commercialization for innovators by giving access to the right strategic partners and collaborators who will adopt and scale their inventions. For more information on Scale Facilitation®, please visit www.scalefacilitation.com or connect with Scale Facilitation® on Linkedin, Twitter, and Facebook. Contacts: Marie T. Oates (US) Recharge Industries™ Scale Facilitation® email@example.com +1 617 290 7795 Sophie Ashcroft (UK) +447764 490393 firstname.lastname@example.org Eva Marchingo (AUS) Recharge Industries™ Scale Facilitation® Eva.email@example.com