Analysis

July 3, 2023

Britishvolt cofounder pins new hope on Italian gigafactory

Lars Carlstrom left the UK-based venture three years before it failed — but his enthusiasm for battery production remains undimmed


Freya Pratty

8 min read

In 2020, British gigafactory startup Britishvolt was riding high. It was building a £2.6bn battery factory in the northeast of England and was set to be a flagship part of the country’s electric vehicle and energy storage ambitions. But just as the company seemed destined for success, cofounder Lars Carlstrom decided to leave. 

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A rendering of an Italvolt building
A rendering of an Italvolt building. Photo: Italvolt.
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Italvolt founder Lars Carlstrom at the land purchasing signing ceremony in Scarmagno (PRNewsfoto/Italvolt Spa)
Italvolt founder Lars Carlstrom at the land purchasing signing ceremony in Scarmagno (PRNewsfoto/Italvolt Spa)
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A rendering of an Italvolt building design
Another rendering of an Italvolt design. Photo: Italvolt.
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Lars Carlstrom with US energy secretary Jennifer Granholm. Photo: Lars Carlstrom
Carlstrom (centre) with US energy secretary Jennifer Granholm (right). Photo: Lars Carlstrom
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Freya Pratty

Freya Pratty is Sifted's associate editor. She covers UK tech and leads Sifted's investigations. Follow her on X , LinkedIn and Bluesky

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