Press release
bp to invest up to £50 million in new global battery research and development centre in Britain
- bp continuing to invest in the UK, with new investment of up to £50 million for new electric vehicle battery testing centre and analytical laboratory in Pangbourne.
- Aims to advance development of engineering, battery technology and fluid technology into new applications such as electric vehicles, charging and data centres.
- New facilities at its Castrol headquarters and technology centre expected to open in 2024, supporting the technology, engineering and science jobs housed there today.
bp today unveiled plans to invest up to £50 million (around $60 million) in a new, state-of-the-art electric vehicle (EV) battery testing centre and analytical laboratory in the UK. bp has previously announced its intention to invest up to £18 billion in the UK’s energy system by the end of 2030; this additional new investment is a further example of bp’s commitment to the country.
Planned to open by the end of 2024, the new facilities will be located at bp’s existing global headquarters for its Castrol business in Pangbourne, Berkshire, and will support the technology, engineering and science roles housed there today. The site already undertakes research and development of fuels, lubricants and EV fluids and aims to become a leading hub for fluid technologies and engineering in the UK.
“We’re backing Britain. We’re fully committed to the UK’s energy transition. This additional investment will help accelerate the transition to EVs by developing solutions to help decarbonise the transport sector. This is another example of our ambitious plans to do more, and go faster,” said Louise Kingham, bp’s UK head of country.
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