News
31 January 2024

UKIB provides £200m loan to AESC gigafactory

In:
Power
Region:
Europe

The UK Infrastructure Bank has announced a £200 million ($254 million) loan to support the development of AESC’s gigafactory in the North East of England.The bridging loan will support the construction of the 15.8GWh gigafactory in Sunderland, which started in 2022. The factory will...

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