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July 11, 2019

HYVE lithium-ion battery factory opens in Sunderland

Battery producer Hyperdrive Innovation has opened HYVE, the UK’s largest independent lithium-ion battery manufacturing factory, in Sunderland.

By Jack Unwin

Battery producer Hyperdrive Innovation has opened HYVE, the UK’s largest independent lithium-ion battery manufacturing factory, in Sunderland. The company has invested £7m in the project since moving to the site of the factory in 2014.

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The new facility will enable Hyperdrive to produce 30,000 battery packs a year and accelerate the company’s product development and technology pipelines.

Hyperdrive said that the HYVE facility will support the UK government’s target of net-zero emissions by 2050 and create new engineering and manufacturing jobs in the Sunderland area.

British manufacturing group JCB recently signed a supply agreement for Hyperdrive batteries to power JCB’s first electric excavator.

Reaction

Hyperdrive announced the news by tweeting: “Something pretty electric is launching, are you ready?”

“The wait is over. Welcome to HYVE, the UK’s largest independent battery pack manufacturing facility.”

Hyperdrive CEO Chris Pennison added: “We’re working with some of the most forward-thinking and innovative organisations in the world as their trusted electrification and energy storage partner. HYVE enables us to deliver a high-quality product, providing our customers with the right energy at the right time.”

Sunderland City Council leader Councillor Graeme Miller welcomed the move, stating: “Hyperdrive is a terrific example of Sunderland’s world-class status in automotive, advanced manufacturing and knowledge economy.

“Its phenomenal growth and global success will bring new opportunities and highly skilled jobs to the city, and help to solve urgent energy and environmental challenges worldwide.  We’re delighted to work alongside Hyperdrive as it grows.”

Department for Business, Energy and Industrial Strategy minister Andrew Stephenson tweeted: “We are committed, through our Industrial Strategy and Automotive Sector Deal to establishing the UK as a world leader in battery technology and the HYVE facility will help play a crucial role in us delivering on this ambition.”

Related Companies

Free Report
img

Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
Enter your details here to receive your free Report.

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