Friday, 17 July 2020

Shocking an Economy into Life?


It sounds promising as a new company, Britishvolt, plans to build, early in 2021, a £1.2bn 'giga' factory in South Wales at Bro Tathan Business Park, the new home of Aston Martin sports cars (https://www.theguardian.com/uk-news/2020/jul/17/battery-firm-chooses-welsh-site-for-britains-first-gigafactory). The intention is to manufacture lithium batteries, with a yearly capacity of 30 gigawatt hours, to power a new generation of electric cars. This would help to reduce levels of greenhouse gases and nitrogen oxides that respectively drive climate change and respiratory health problems (although it would do nothing for the plastic particulates released by tyre wear and from brake linings). This seems to be a good news story but I would just caution that, thus far, the company has reportedly only raised £10m towards the needed investment. It is not unknown for apparently promising developments in this geographical area to eventually fade away. 

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