ISG ‘ready’ to restart gigafactory job as Aussie firm primed to buy Britishvolt

By Daniel Gayne2023-02-06T15:00:00

Recharge Industries named preferred bidder by administrators

ISG has said it is ready to re-start work on a stalled £300m gigafactory in Northumberland, after administrators named a preferred bidder for car battery firm Britishvolt.

EY announced this morning that Australian business Recharge Industries had entered into an agreement to buy the majority of the business and assets of the doomed firm, which went into administration last month after running out of cash.

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