ULTIMATE BATTERY COMPANY CHOOSES SOUTH YORKSHIRE TO DEVELOP TECHNOLOGIES FOR GREENER VEHICLES
A revolutionary company set to develop a new generation of greener vehicle batteries has chosen Sheffield as the location for a new Research & Development and manufacturing facility.
The Ultimate Battery Company (UBC), based in Hyde, Manchester, selected South Yorkshire for the location of its new facility, after receiving support through South Yorkshire Mayoral Combined Authority and recognising this region’s potential as the green heart of the UK.
South Yorkshire Mayoral Combined Authority has pledged to provide a total of £5.2m in financial support (£3.2m loan and £2m grant) to the Ultimate Battery Company to enable them to develop technologies to reduce Carbon Dioxide emissions with transformative new technologies and energy storage solutions. The new R&D and manufacturing facility is expected to create 495 new jobs over the next few years.
Maurizio Cunningham-Brown, CEO of the Ultimate Battery Company, explains: “To develop these new technologies and products we needed to find a location with a green energy infrastructure and the support framework and supply network in place to help us achieve our ambitions. The team at SYMCA helped to guide us through the funding process and put us in touch with the University of Sheffield’s AMRC, which is now our partner in research and development of our new battery technologies.”
Maurizio adds: “We are really excited about locating our new facility in Sheffield and being able to create jobs here, now and in the future. Access to a talented workforce and the support available in this area for skills training and development were obvious draws to South Yorkshire.”
The Ultimate Battery Company is developing technologies which remove most of the obstacles to widespread electric vehicle uptake, including increasing battery run times, extending travel range and reducing costs for the customer.
The company’s aim is to design a new battery that provides a Lithium-like performance at 35% of the cost, enabling twice the energy to be stored in the same physical space and providing a faster charging rate. The batteries that the Ultimate Battery Company has developed also significantly reduce weight by up to 15Kg per vehicle, further driving down both CO2 emissions and manufacturing costs, while increasing energy densities.
Gareth Morgan, SYMCA Senior Business Development Manager for Trade & Investment, said: “The Ultimate Battery Company offers exciting opportunities for our region in terms of recruitment, education and development of new greener technologies. The company has been able to establish valuable connections with the AMRC, which offers excellent resources and expertise to help UBC to put their plans in motion. We are very pleased to welcome UBC to South Yorkshire, and we look forward to supporting the business further as it embarks on its ambitious growth plans.”
Steve Foxley, CEO of the University of Sheffield AMRC, said: “It has been a great pleasure to work with the Ultimate Battery Company around its manufacturing innovations for energy storage technology and we are delighted to see they are now building on that collaboration with inward investment into South Yorkshire, close to the research expertise of the AMRC. We look forward to working with them on future projects, accelerating the journey to net zero and opening up new opportunities around cheaper, greener future energy systems.”
Continuing to work alongside the AMRC, the Ultimate Battery Company is also setting its sights on making the switch to electric vehicles easier for manufacturers.
Malcolm Earp, Chief Commercial Officer & Chief Operating Officer at the Ultimate Battery Company, said: “The main reason for the slow uptake of electric vehicles is the increased cost compared with a traditional combustion engine motor vehicle. Our new battery changes the dynamics – not only will the electric vehicles achieve purchase price parity with traditional cars, but total cost of ownership will be significantly less in terms of both lower operating and maintenance costs.”
“The demand for these products is out there and has already been confirmed by a wide range of leading automotive manufacturers and other related industries. As such, we are confident that with the resources we will have in place at our new facility and the technology we are looking to bring online, we can accelerate the switch to electric vehicles long before the 2040 target.”
“In the meantime, we’re looking forward to being located in South Yorkshire to make these exciting plans a reality and working with SYMCA, AMRC and the DIT (Department of International Trade) to get our new facility up and running and push the start button on what will be the new car batteries of the future.”
For more information about the Ultimate Battery Company, visit: The Ultimate Battery (theultimatebatteryco.com).
For more details about the South Yorkshire region, visit www.southyorkshire-ca.gov.uk.
About the South Yorkshire Mayoral Combined Authority
We are the South Yorkshire Mayoral Combined Authority (SYMCA).
Led by Mayor of South Yorkshire Dan Jarvis, we bring together the local authorities of Barnsley, Doncaster, Rotherham and Sheffield and the private sector through our Local Enterprise Partnership (LEP).
The Mayor, MCA and LEP have a shared purpose to create a stronger, greener, fairer South Yorkshire. We work together to unlock the potential of our people, businesses and places and ensure they prosper.
Our Strategic Economic Plan (SEP) provides the blueprint for how we will transform our region. We will keep people and businesses moving and help them grow, delivering a world-class public transport network and attracting investment to create a stronger, greener, fairer South Yorkshire by 2040.
Our vision is to grow an economy that works for everyone. We will develop inclusive and sustainable approaches that build on our strengths in innovation and embrace the UK’s 4th Industrial Revolution, to contribute more to the country’s prosperity and enhance quality of life for all.
We have powers and resources, devolved from Westminster to South Yorkshire, which mean we can take decisions locally about our economy, transport, skills, housing and infrastructure.
We use these to create a vibrant, thriving South Yorkshire where people want to live and work.
We attract new investment to our region. We build the conditions for inclusive economic growth which benefits everyone. We help create good jobs, by backing businesses to grow, invest and locate in South Yorkshire.
We support people so they have the training and skills to find work, remain in work or progress in work. We help businesses secure the skills they need to be more productive and grow.