2 minute read - 11th October 2022
AMTE Power agrees production contract with UKBIC
Battery cell manufacturer AMTE Power has signed a contract to manufacture its ultra high power cells at the UK Battery Industrialisation Centre (UKBIC) in Coventry, supporting the next phase of its commercialisation plans.
Under the agreement, the company can request UKBIC to manufacture up to 60,000 of its ultra high power cells each year, over an initial term of 24 months.
Ramping up production of the ultra high power cells at UKBIC is due to start from January 2023, generating initial revenues for AMTE Power and enabling it to meet growing demand from within the automotive sector, principally for high-performance electric vehicles and fuel cell electric vehicles.
In August 2022, AMTE Power announced good progress in manufacturing trials for the ultra high power cell at UKBIC, with cells performing well against the company’s target specification when produced on UKBIC’s commercial scale equipment. In particular, the ultra high power cells’ low internal resistance supports exceptional power delivery and fast charging, with current testing demonstrating a full charge in six minutes.
The use of UKBIC to manufacture cells is a key milestone to upscale production ahead of mass commercialisation plans as AMTE Power progresses towards its first megafactory in Dundee. This agreement will ensure products can be delivered to customers in advance of the opening of its planned megafactory, which is underpinned by the growing pipeline of potential business with opportunities of circa £240m across the AMTE Power product range.
Kevin Brundish, CEO of AMTE Power, said: “Having already secured significant early interest in our ultra high power cell from major automotive partners, this contract will enable us to bring our products to market sooner while we progress our own megafactory. This new phase in our journey builds on the partnership that we’ve established with UKBIC through cell development. It is testament to the investment that the UK government has made in this market-leading battery manufacturing and scale-up facility that we are now able to put that development work into practice with the first production contract at UKBIC to get cells into customers’ hands as we power the energy transition.”
Jeff Pratt, managing director of the UK Battery Industrialisation Centre, added: “We’re delighted to be entering into this landmark agreement with AMTE Power to transfer their design into UKBIC and then manufacture their next generation ultra high power cells at volume, allowing us to further support the company’s significant commercialisation plans. Advanced battery cells being manufactured at volume in the UK are a vital component of ensuring the UK prospers from the energy transition towards net zero. This latest agreement – our biggest to date – is further demonstration of the unique value of UKBIC which, since being opened just over a year ago, is already delivering incredibly successful outcomes for the UK with customers like AMTE.”