Ilika plc Goliath Scale-up Update (3496P)
20 June 2022 - 4:00PM
UK Regulatory
TIDMIKA
RNS Number : 3496P
Ilika plc
20 June 2022
Ilika plc
("Ilika" or the "Company")
Goliath Scale-up Update
Economic Assessment Commences on Integrating a 100 MWh
Solid-State Battery Manufacturing Line at the UK Battery
Industrialisation Centre
Ilika (AIM: IKA), a pioneer in solid-state battery (SSB)
technology, announces it has started a six-month economic
feasibility study in partnership with the UK Battery
Industrialisation Centre (UKBIC) to understand what is required to
create a dedicated 100 MWh SSB manufacturing line within the UKBIC
facilities.
The Ilika-led collaborative project is supported by the Advanced
Propulsion Centre (APC) through its Automotive Transformation Fund
(ATF) which aims to clarify the way forward for industrialisation
of solid-state batteries in the UK. Ilika will receive a GBP105,000
grant towards its related costs over the six-month project, which
commenced on 1 May 2022.
The project follows the recent successful APC-funded SOLSTICE
project between Ilika and Comau, part of Stellantis, 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. The project
with the UK battery manufacturing development facility will 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, this
line would support Ilika's OEM customers' validation and testing
programmes, and would follow Ilika's 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, in the West Midlands, which welcomes manufacturers,
entrepreneurs, researchers and educators. Support from UKBIC can be
accessed by any organisation with existing or new battery
technology so long as that technology brings 'green jobs' and
prosperity to the UK.
Ian Constance, Chief Executive of the APC, said: "We're really
interested to see the outcomes of Ilika's feasibility study. To
fully decarbonise the automotive sector we have to transition the
EV supply chain at scale and pace and this study will explore
opportunities for the UK to rapidly grow manufacturing in some of
the most globally advanced and in-demand vehicle technologies,
which in turn will lead to highly-skilled jobs and green
growth."
Jeff Pratt, UKBIC's Managing Director, commented: "This
feasibility study with Ilika has the potential to lead to a
dedicated solid-state line being built at UKBIC. With demand for
electrification increasing, it's important that there are a wide
range of technologies available, for now, the mid-term and the
long-term future. We're excited to find out what the future holds
for solid-state batteries, a potentially game changing battery
technology for the UK."
Graeme Purdy, Ilika CEO, stated: "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."
For more information contact:
Ilika plc
Graeme Purdy, Chief Executive
Steve Boydell, Finance Director +44 (0)23 8011 1400
Liberum Capital Limited
Andrew Godber, Cameron Duncan,
William Hall, Nikhil Varghese +44 (0) 20 3100 2000
Joh. Berenberg, Gossler & Co.
KG (Joint Broker)
Emily Morris, Detlir Elezi, Milo
Bonser +44 (0) 20 3207 8700
Walbrook PR Ltd +44 (0)20 7933 8780 or ilika@walbrookpr.com
Lianne Applegarth Mob: +44 (0)7584 391 303
Nick Rome Mob: +44 (0)7748 325 236
Tom Cooper Mob: +44 (0)7971 221 972
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