Distributed Energy Resources, Industrial - August 2, 2022
bp to Invest in UK EV Battery Research Center
bp unveiled plans to invest up to £50 million (around $60 million) in a new, state-of-the-art EV battery testing center and analytical laboratory in the UK.
The oil company 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.
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 and will be open by the end of 2024 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.
The new facilities will help advance the development of leading fluid technologies and engineering for hybrid and fully battery electric vehicles, aiming to bring the industry closer to achieving the key tipping points for mainstream EV adoption. Castrol ON advanced e-fluids manage temperatures within the battery which enables ultra-fast charging and improves efficiency, which help EVs to go further on a single charge and extend the life of the drivetrain system.
Castrol intends to use the new facilities to continue to work with car manufacturers and suppliers to co-engineer future battery technology and associated thermal management fluids. It will also look to develop future technologies required to help to enable the ultra-fast charging which underpins bp pulse’s growth strategy.
“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 in a statement.