Recharge Industries Pty Ltd's attempt to buy the Britishvolt site is at risk of collapsing due to a dispute with administrator EY over a power supply contract signed by the failed battery startup, the Financial Times reported on Friday.
Peter Rolton, executive chairman of electric vehicle battery startup Britishvolt, shows a billboard at the site of the company's large planned battery plant, in the former industrial town of Blyth, Britain January 27, 2022. REUTERS/Nick Carey
March 31 - Recharge Industries Pty Ltd's attempt to buy the Britishvolt site is at risk of collapsing due to a dispute with administrator EY over a power supply contract signed by the failed battery startup, the Financial TimesAustralia-based Recharge Industries and the British accounting firm hit an impasse over payments related to transferring a grid connection contract with the UK's National Grid, the report said, citing people familiar with the matter.
EY, Britishvolt and Recharge Industries did not immediately respond to Reuters' requests for comment. Recharge Industries, a unit of New York-based investment fund Scale Facilitation, was picked by EY as the preferred bidder to buy Britishvolt in, after the struggling UK startup failed to raise enough funding for a major electric vehicle battery factory in northern England.
Recharge Industries bought Britishvolt's intellectual property for 8.6 million pounds last month, but is yet to pay the 9.7 million pounds for the land despite passing of the deadline, the FT report added.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Water districts using extra water to recharge aquifersCities and counties across Utah are taking advantage of the extra water this winter to replenish aquifers.
Leer más »
Study break: The wellness room at a New Jersey high school provides recess and a rechargeThe wellness room at a New Jersey high school provides recess and a recharge.
Leer más »
Marshall, Iconic Amp Company, Bought by Zound IndustriesZound’s CEO said the deal will “allow us to be quicker with innovation and to have a deeper and more holistic connection with musicians and music lovers.”
Leer más »
Türkiye's indigenously-built unmanned vessel test-fires Kuzgun missileThe Marlin has been developed by Turkish defence giant Aselsan and the Sefine Shipyard in the northwestern Yalova province under the coordination of the Defense Industries Presidency.
Leer más »
Help Me Move? I’ll Pay You in Instagram LikesAs influencer marketing permeates more industries, moving companies get in on the action: “The devil works hard but roadwaymoving influencer team works harder.”
Leer más »
A Practical Advice for Building Products in Cybersecurity | HackerNoonThe maturity of the product craft in cybersecurity may be seen from the outside as much lower than in many other industries. - cybersecurity technology
Leer más »