Less Ads, More Data, More Tools Register for FREE

Ilika starts six-month solid-state battery plant study

Mon, 20th Jun 2022 13:31

(Sharecast News) - Solid-state battery technology developer Ilika has started a six-month economic feasibility study in partnership with the UK Battery Industrialisation Centre (UKBIC), it announced on Monday.

The AIM-traded firm said the study aimed to determine the requirements for a dedicated 100 MWh solid-state battery manufacturing line within the UKBIC's facilities.

It said the Ilika-led collaborative project was being supported by the Advanced Propulsion Centre (APC), through its Automotive Transformation Fund (ATF), which aimed to "clarify the way forward" for industrialisation of solid-state batteries in the UK.

Ilika said it would receive a £0.11m grant towards its costs over the six-month project, which started on 1 May.

The project followed the recent successful APC-funded 'SOLSTICE' project between Ilika and Stellantis subsidiary Comau, which concluded that there were "no barriers" to scaling-up Ilika's Goliath solid-state battery technology for electric vehicles, and delivered a plant design for a "megascale" manufacturing facility.

It said the project with the UK battery manufacturing development facility would now look at the cost implications of placing a megascale solid-state battery line at UKBIC, to enable Ilika's Goliath electric vehicle batteries to be manufactured at scale.

If feasible, and in the best interests of UKBIC and Ilika, the firm said the line would support its OEM customers' validation and testing programmes, and would follow its current plan to scale its pre-pilot line production capacity from 50 kWh per year to 2 MWh per year.

UKBIC is a publicly-funded battery product development facility in Coventry, consisting of manufacturers, entrepreneurs, researchers and educators.

Support from UKBIC could be accessed by any organisation with existing or new battery technology, so long as that technology would bring "green jobs and prosperity" to the UK.

"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," said chief executive officer Graeme Purdy.

"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."

At 1235 BST, shares in Ilika were up 3.57% at 58p.

Reporting by Josh White at Sharecast.com.

Related Shares

More News
3 Jun 2024 09:23

LONDON BROKER RATINGS: Berenberg raises Ricardo; Goldman cuts LandSec

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:

22 May 2024 21:05

TRADING UPDATES: Powerhouse resolves claim; PCI-PAL wins court case

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

22 May 2024 14:45

UK shareholder meetings calendar - next 7 days

16 May 2024 16:46

Ilika losses narrow in year of progress

(Sharecast News) - Solid-state battery technology developer Ilika reported full-year growth in a trading update on Thursday, alongside significant adv...

16 May 2024 14:32

EARNINGS AND TRADING: Michelmersh continues with positive order intake

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately report...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.