Amte Power

FRP Advisory has sold AMTE Power's Scotland business and assets out of administration to Dutch battery technology firm LionVolt, saving 20 jobs. LionVolt is a subsidiary of LionVolt B.V., a group based in Eindhoven, Netherlands – a battery innovator that develops ‘3D’ solid-state b

AMTE Power, the electric vehicle battery maker with a plant in Thurso and ambitious plans for a megafactory in Dundee, is currently engaged in talks with a potential buyer in a bid to rescue the company from its financial woes. The accelerated sale process, initiated on 19 December and spearheaded b

Scotland's ambition to become a hub for battery manufacturing have suffered a setback with the announcement that battery cell manufacturer AMTE Power is set to go into administration.

Battery manufacturer AMTE Power, which has a plant in Thurso and plans for a 'megafactory' in Dundee, has had its share trading temporarily suspended on the London Stock Exchange (LSE). In recent months the company has been faced with a precarious financial situation. In July, the company warne

Scottish battery manufacturer AMTE Power has secured a £1 million bridging loan from Arena Investors LP, providing a lifeline to the company as it was on the brink of administration due to financial distress. The funds will be allocated in two tranches of £0.5m each, with the first tranc

Battery cell manufacturer AMTE Power has said it is urgently seeking further investment as the company is at risk of administration.

AMTE Power, Scottish developer and manufacturer of lithium-ion and sodium-ion battery cells, has said it is urgently seeking to raise new funds as it contends with a dwindling cash position.

AMTE Power, a UK-based battery manufacturer, is considering relocating its planned gigafactory from Dundee to the United States due to the Inflation Reduction Act's subsidies.

AMTE Power, a manufacturer of battery cells in Thurso, has appointed Alan Hollis to the board. Mr Hollis will initially work alongside the AMTE Power executive management team and it is the intention of the AMTE Power Board that he will take on the role of CEO on or around Monday 31 October 2022, to

Clean Power Hydrogen (CPH2) has announced the appointment of James Hobson as CFO and executive director, poaching him from AMTE Power, a battery manufacturer with a production facility in Thurso. This is the third CFO that AMTE Power has had in the space of a year. Mr Hobson has been serving as CFO

James Hobson, the chief financial officer of battery cell manufacturer AMTE Power, is considering leaving his post after he was approached for a new role.

Battery cell manufacturer AMTE Power has selected Dundee as the preferred site for its first MegaFactory in a boost to the UK’s ambitions to produce homegrown battery cells for a net zero society. The new factory will directly create up to 215 high skilled on-site jobs and 800 more across

Thurso-based electric battery manufacturer AMTE Power has been admitted to the London Stock Exchange's Alternative Investment Market (AIM), raising £13.7 million. The figure raised by the firm is almost twice the £7m it was originally seeking from investors.

AMTE Power, the Thurso-based developer and manufacturer of lithium-ion battery cells for specialist markets, has announced its intention to seek admission to trading on AIM of the entire issued and to be issued ordinary share capital of the company. Admission is expected to take place during March 2