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Ilika PLC - Romsey, England-based solid-state battery technology company - Starts a six-month economic feasibility study in partnership with the UK Battery Industrialisation Centre to understand what is required to create a 100 megawatt hour solid-sate battery manufacturing line. Ilika will receive a £105,000 grant towards the related costs via the Automotive Transformation Fund.
Chief Executive Graeme Purdy says: ‘This project represents the next logical step in Ilika's scale-up plans for its Goliath technology, building on important work in our earlier programmes. Ilika and UKBIC entered into a Framework Agreement at the end of 2020 on the basis that when the time was right, we would assess the feasibility of placing an Ilika megascale Solid-State Battery line at the UKBIC facility, utilising the expertise and existing equipment alongside the bespoke solid-state battery equipment identified in the SOLSTICE programme.
‘The time is now right: the scale up of Ilika's manufacturing capability for Goliath solid-state batteries has gained strong momentum as we accelerate towards delivering the batteries to the automotive markets.’
Current stock price: 58.30 pence, up 4.1% in London on Monday
12-month change: down 56%
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