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Has UK shot itself in the foot as starting pistol is fired in giga race?

Tue, 05/14/2019 - 13:45 -- John Shepherd

The race to the gigafactory finishing line in Europe is now well and truly under way, but who will be first or could it be a photo finish?

Tesvolt, as we report this week, is trumpeting its expansion of operations towards hitting 'giga' status, but the company is being coy about its schedule. So there could be all to play for if Northvolt gets its mega loan this week to build a commercial lithium-ion cells production facility in Sweden.

But the strangest of our stories this week has to be the news that the UK could consider pushing up taxes on low-carbon technologies such as battery storage. 

Regular readers of BEST Battery Briefing will know the UK government has been busy promoting its investments in battery tech over the past couple of years. In fact, PM Theresa May was crowing about her support for renewables when it was confirmed that Britain had had its first week without using electricity from burning coal since the 1880s. This crazy tax hike proposal should be shredded long before it gets within reach of a ministerial desk!

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