LONDON, Jan. 27, 2021 /PRNewswire/ -- Britishvolt, the
UK's foremost investor in battery technologies, is further boosting
the expertise of its leadership team with the appointment of three
new members to its Strategic Advisory Board.
Jon Sigurdsen, Chief Investment
Officer of UCVO AS, formerly Portfolio Manager for DNB Asset
Management in Norway and an expert
in renewable energy investment has been recruited to the Advisory
Board. He is joined by global banking expert Sebastiaan Welling, who is in senior management
at the Commercial Bank of Dubai,
and Sacha Dench, a world-renowned
biologist, conservationist and Ambassador for the United Nations
Convention on Migratory Species.
Orral Nadjari, CEO
Britishvolt "Jon, Sebastiaan and Sacha represent key
appointments for us. They are joining our growing team of world
class experts dedicated to putting Britishvolt at the forefront of
the British battery industry. We are making excellent headway in
our mission to build the UK's first battery gigaplant and are
firmly on track. The expertise and experience that Jon, Sebastiaan
and Sacha bring will be crucial in helping us meet our
objectives."
Jon Sigurdsen "I am
honoured to be joining Britishvolt's Advisory Board and look
forward to working with Orral
Nadjari and the rest of the board. There is a clear lack of
high energy density batteries in the industry and by building the
UK's first gigaplant there's no doubt that Britishvolt will be a
leader in the British battery industry. It will also be playing a
crucial role in the future of the UK automotive industry,
benefitting the entire UK economy."
Sebastiaan Welling "This is
an exciting opportunity. I am looking forward to supporting
Britishvolt's board as the business rapidly matures and stands at
the vanguard of enormous industrial and societal change. The timing
of Britishvolt building the UK's first battery gigaplant could not
be better. It's an essential component of change as we move to an
electrified future."
Sacha Dench "I am honoured
to have been invited to join Britishvolt, to bring a combined voice
for nature conservation and climate change to the Advisory Board.
Providing large-scale battery manufacturing in Britain will not only cut emissions and
support the UK economy, it will create jobs and help drive a rapid
and just transition.
"There are exciting challenges ahead and conservationists will
need to work more closely with industry to drive the change we all
need."
Britishvolt's Advisory Board advises on all aspects of business
growth, investment and strategy on the company's mission to build
the UK's first battery gigaplant at a specially selected site in
Blyth, Northumberland.
Production of Britishvolt's world-leading lithium-ion batteries
for the automotive industry will commence at the end of 2023.
SAFE HARBOR
Certain statements in this press release concerning our future
growth prospects are forward-looking statements regarding our
future business expectation intended to qualify for the 'safe
harbor' under the U.S. Private Securities Reform Act of 1995, which
involve a number of risks and uncertainties that could cause actual
results to differ materially from those in such forward-looking
statements. The risks and uncertainties relating to these
statements include, but are not limited to, risks and uncertainties
regarding fluctuations in earnings, fluctuations in foreign
exchange rates, our ability to manage growth, competition including
those factors which may affect our cost advantage, equipment
procurement, wage increases, our ability to attract and retain
highly skilled professionals, time and cost overruns on
fixed-price, fixed-time contracts or time and material construction
contracts, customer concentration, restrictions on immigration,
industry segment concentration, our ability to manage international
operations, reduced demand, disruptions in telecommunication
networks or system failures, our ability to successfully complete
and integrate potential acquisitions, liability for damages related
to battery service agreements, the success of the companies in
which Britishvolt has made strategic partnerships, withdrawal or
expiration of governmental fiscal incentives, political instability
and regional conflicts, legal restrictions on raising capital or
acquiring companies and unauthorised use of our intellectual
property and general economic conditions affecting our industry. In
addition, please note any forward-looking statements contained
herein are based on assumptions we believe to be reasonable as of
the date of this press release.
About Britishvolt
Britishvolt is Britain's
foremost investor in battery technologies. It is dedicated to
supporting the future of electrified transportation and sustainable
energy storage, producing world-leading lithium-ion battery
technologies.
Britishvolt's aim is to establish the UK as the leading force in
battery technology. It is working with leading partners and
suppliers to achieve this because it is of paramount importance to
the future of the UK automotive industry and the overall economic
and industrial health of the UK.
The company believes that the UK is the right place for its
investments because of the strength of its automotive and energy
industry, its expertise and history of industrial and academic
battery research and development.
Quarter four of 2023 has been targeted as the start of
production in Britain's first
gigaplant in Blyth, Northumberland.
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SOURCE Britishvolt