Source · Select Committees · Business, Innovation, Science and Trade Committee
Recommendation 4
4
Paragraph: 26
Facilitate offtake agreements between OEMs and battery manufacturers for gigafactory funding
Recommendation
Having secure orders from an anchor customer is critical if battery manufacturers are going to raise sufficient funds to build a gigafactory. Offtake agreements between OEMs and battery manufacturers help signal to investors that there is demand for their product. The Advanced Manufacturing Plan and UK Battery Strategy should set out ways in which the Government could help to facilitate offtake agreements between OEMs and battery manufacturers.
Paragraph Reference:
26
Government Response
A response document is linked to this report, dated 14 February 2024. Response attribution to this recommendation has not been verified. Read the response document ↗