Britishvolt has teamed up with Scorpio Group and will research battery power and storage options for maritime shipping.
Scorpio Group has made a strategic investment in the electric vehicle (EV) battery start-up, Britishvolt.
“Britishvolt’s access to the UK’s cutting-edge scientific community ensure that we will be able to work together to further accelerate green-propulsion and potentially power storage solutions for maritime,” said Filippo Lauro, Vice President of Scorpio, part of the same group as oil tanker company Scorpio Tankers and renewable energy firm Eneti.
Global shipping companies have been researching electric and hydrogen-powered vessels as zero-emission options for maritime use, with several trials ongoing for both technologies.
In March, Britishvolt launched a Series C funding round with a starting investment of 40 million pounds ($53 million) from mining giant Glencore.
The company has also secured UK government backing for a battery plant project in northern England, unlocking 1.7 billion pounds ($2.10 billion) in private funding.
Britishvolt is also working with British sports carmakers Aston Martin and Lotus to develop batteries.
Scorpio and Britishvolt did not disclose the size of the strategic investment, but it might be in the “single-digit millions” of pounds.