Geelong company Recharge has yet to put a shovel in the ground, but it is now the come-from-nowhere saviour of Britishvolt and its lofty battery scheme.
said were three other confirmed bidders: a group of existing Britishvolt investors; private equity firm Greybull Capital; and HSBC-backed Saudi British Bank.
It has £100 million in conditional financing from the British government and is supposed to be the mainstay of the UK’s supply chain for its troubled electric vehicle industry.But Mr Collard’s vision is to get involved not just in EVs but in defence procurement. He sees AUKUS, the military technology-sharing pact between Australia, Britain and the US, as a potential vector for Recharge’s growth.
Jacobs has been involved in a bewilderingly large array of infrastructure, defence and industrial projects, in both the private and public sectors – leading Recharge to consider this partnership as a major coup.Like Britishvolt’s plan, the Geelong factory is also supposed to have an ultimate storage capacity of 30GW/h, although the initial target is 2GW/h and it will build from there.
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