{"id":292194,"date":"2023-12-21T17:13:03","date_gmt":"2023-12-21T16:13:03","guid":{"rendered":"https:\/\/climatescience.press\/?p=292194"},"modified":"2023-12-21T17:13:05","modified_gmt":"2023-12-21T16:13:05","slug":"scottish-battery-factory-goes-bust-in-fresh-blow-to-uks-net-zero-industry","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=292194","title":{"rendered":"Scottish battery factory goes bust in fresh blow to UK\u2019s net zero\u00a0industry"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From NOT A LOT OF PEOPLE KNOW THAT<\/a><\/p>\n\n\n\n

By Paul Homewood<\/p>\n\n\n\n

h\/t Ian Magness<\/p>\n\n\n\n

Eventually they might work out that you cannot create jobs by government diktat!<\/mark><\/em><\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

AMTE Power, a high-performance battery developer, has called in administrators in a fresh blow to <\/em>Britain\u2019s net zero industry<\/em><\/a>.<\/em><\/p>\n\n\n\n

The company warned in the summer that it was in financial trouble and had days to find a new backer or help from existing shareholders.<\/em><\/p>\n\n\n\n

An investor pulled the plug on fresh funding after plans to build a new plant in Dundee were scrapped.<\/em><\/p>\n\n\n\n

AMTE said in a stock market notice: \u201cThe board has no other options to secure finance in the time available and has therefore concluded that the company has insufficient funds to continue trading.\u201d<\/em><\/p>\n\n\n\n

It said it appointed FRP Advisory as administrator to find a buyer and trading of its shares are suspended.<\/em><\/p>\n\n\n\n

The company, which is based in Oxfordshire but has its main operations in Thurso, planned a 0.5GWh half-gigafactory in Dundee to make batteries for potential clients such as BMW and Cosworth.<\/em><\/p>\n\n\n\n

AMTE had a long history in <\/em>developing lithium cells<\/em><\/a>, making some of the first examples in the 1990s. Recently, AMTE said it tested cells that can be charged fully in six minutes in a breakthrough for charging technology.<\/em><\/p>\n\n\n\n

However, it has been making a loss. It did not get the <\/em>firm orders it needed from carmakers<\/em><\/a> and other potential customers, or a patient investor that could fuel an expansion in production.<\/em><\/p>\n\n\n\n

AMTE\u2019s fate mirrors that of Britishvolt, another would-be independent UK gigafactory.<\/em><\/p>\n\n\n\n

Britishvolt was the brainchild of former investment banker Orral Nadjari, who saw the looming demand for batteries from carmakers in the UK and a gap in the market for an independent producer, planning a \u00a33.8bn factory in Blyth, Northumberland.<\/em><\/p>\n\n\n\n

But it ran out of funding after borrowing became more expensive. At the time of its demise in January, the company had signed initial deals with carmakers such as Aston Martin, but it had secured no firm orders.<\/em><\/p>\n\n\n\n

https:\/\/www.telegraph.co.uk\/business\/2023\/12\/19\/scottish-battery-factory-bust-britain-net-zero-industry\/<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Eventually they might work out that you cannot create jobs by government diktat!<\/p>\n","protected":false},"author":121246920,"featured_media":292197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Eventually they might work out that you cannot create jobs by government diktat!","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691820329,691825550,691825551,691818154],"class_list":{"0":"post-292194","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-amte-power","9":"tag-high-performance-battery-developer","10":"tag-investor","11":"tag-net-zero","13":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0valmet-automotive-fabrik-plant-salo-2020-01-min.png?fit=1500%2C750&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1e0O","jetpack-related-posts":[{"id":240222,"url":"https:\/\/climatescience.press\/?p=240222","url_meta":{"origin":292194,"position":0},"title":"British Volt Collapses Into Administration","author":"uwe.roland.gross","date":"17\/01\/2023","format":false,"excerpt":"This whole saga is a reminder that you don\u2019t create jobs through government diktat. Promises of hundreds of thousands of green jobs are simply a mirage.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/01\/image-782.png?fit=1024%2C644&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/01\/image-782.png?fit=1024%2C644&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/01\/image-782.png?fit=1024%2C644&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/01\/image-782.png?fit=1024%2C644&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":267536,"url":"https:\/\/climatescience.press\/?p=267536","url_meta":{"origin":292194,"position":1},"title":"Limitless White Hydrogen!!","author":"uwe.roland.gross","date":"15\/07\/2023","format":false,"excerpt":"Indeed, this is a classic example of how technology has moved forward over time \u2013 through market forces, and not driven by subsidies and government diktat.","rel":"","context":"In \"Climate change\"","block_context":{"text":"Climate change","link":"https:\/\/climatescience.press\/?tag=climate-change"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/00922_Stanwell_Socials_HydrogenColours_1_HydrogenColours-1024x1024-1.png?fit=1024%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/00922_Stanwell_Socials_HydrogenColours_1_HydrogenColours-1024x1024-1.png?fit=1024%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/00922_Stanwell_Socials_HydrogenColours_1_HydrogenColours-1024x1024-1.png?fit=1024%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/07\/00922_Stanwell_Socials_HydrogenColours_1_HydrogenColours-1024x1024-1.png?fit=1024%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":299165,"url":"https:\/\/climatescience.press\/?p=299165","url_meta":{"origin":292194,"position":2},"title":"Rishi Sunak\u2019s net zero targets are \u2018path to ruin\u2019, says leading Tory MP","author":"uwe.roland.gross","date":"31\/01\/2024","format":false,"excerpt":"Craig Mackinlay accuses PM of \u2018shameful acceptance of decline\u2019 and urges him to end damaging climate policies","rel":"","context":"In \"Climate Policies\"","block_context":{"text":"Climate Policies","link":"https:\/\/climatescience.press\/?tag=climate-policies"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0rishi-sunak-cop26-1504x846px.jpg?fit=1200%2C630&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0rishi-sunak-cop26-1504x846px.jpg?fit=1200%2C630&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0rishi-sunak-cop26-1504x846px.jpg?fit=1200%2C630&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0rishi-sunak-cop26-1504x846px.jpg?fit=1200%2C630&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0rishi-sunak-cop26-1504x846px.jpg?fit=1200%2C630&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":335464,"url":"https:\/\/climatescience.press\/?p=335464","url_meta":{"origin":292194,"position":3},"title":"Shell to pause Dutch biofuels project as market\u00a0sags","author":"uwe.roland.gross","date":"04\/07\/2024","format":false,"excerpt":"There is no viable commercial market for biofuels. 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