Britishvolt, Scorpio Group to research maritime EV batteries, storage

Eneti

18/05/2022 24:01

By Nick Carey
    LONDON, May 18 (Reuters) - Britishvolt said on Wednesday
that Monaco-based Scorpio Group had made a strategic investment
in the electric vehicle (EV) battery startup and the two
companies will research battery power and storage options for
maritime shipping.
    Britishvolt's "access to the UK's cutting-edge scientific
community ensure that we will be able to work together to
further accelerate green-propulsion and potentially power
storage solutions for maritime," said Filippo Lauro, vice
president of Scorpio, part of the same group as oil tanker
company Scorpio Tankers  STNG.N  and renewable energy firm Eneti
 NETI.N . 
    Global shipping companies have been researching electric and
hydrogen-powered vessels as zero-emission options for maritime
use, with several trials ongoing for both technologies. 
    Emissions-free ferries https://www.reuters.com/article/us-denmark-battery-ferry-idUSKCN1QV1W7
 have operated in Scandinavian waters for several years,
including The Tycho Brahe and Aurora ferries run by Sweden’s
ForSea between Helsingborg in Sweden and Helsingor in Denmark.
    In March, Britishvolt launched a Series C funding round with
a starting investment of 40 million pounds ($53 million) from
mining giant Glencore  GLEN.L .  urn:newsml:reuters.com:*:nL1N2UP1VT
    The company has also secured UK government backing for a
battery plant project in northern England, unlocking 1.7 billion
pounds ($2.10 billion) in private funding.  urn:newsml:reuters.com:*:nL1N2U00UZ
    Britishvolt is also working with British sports carmakers
Aston Martin  AML.L  and Lotus to develop batteries.
 urn:newsml:reuters.com:*:nL2N2V90IT urn:newsml:reuters.com:*:nL1N2U70RZ
    Scorpio and Britishvolt did not disclose the size of the
strategic investment, but a source familiar with the matter told
Reuters it was in the "single-digit millions" of pounds.
    ($1 = 0.8096 pounds)

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Batteries included: Sweden's emissions-free ferries lead the
charge    https://www.reuters.com/article/us-denmark-battery-ferry-idUSKCN1QV1W7
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 (Reporting By Nick Carey
Editing by Bernadette Baum)
 ((nick.carey@thomsonreuters.com; +44 7385 414 954;))