let s get down to business. an australian firm recharge industries has come to the rescue and bought the battery maker britishvolt out of administration. the deal is expected to be announced shortly. britishvolt had plans to build a £4 billion gigafactory near the port of blyth in northumberland, but it ran out of money and collapsed last month. its downfall was blamed on a lack of battery experience, unproven technology, and therefore no customers oi’ revenue. the new owner is another start up. recharge industries is owned and run by a new york based investment fund called scale facilitation. its australian chief executive, david collard, told our business editor simonjack why his company was different. what we re bringing, which is different to the prior britishvolt, is we re bringing validated technology. so that process has already started. us defence has also validated the technology, it s actually already supplied to the uk navy through a subcontractor over here.
satisfaction. union members to their satisfaction. , . ., . satisfaction. we shall watch closel . satisfaction. we shall watch closely. thank satisfaction. we shall watch closely. thank you, - satisfaction. we shall watch closely. thank you, good i satisfaction. we shall watch closely. thank you, good to j satisfaction. we shall watch - closely. thank you, good to see and a good week. britain s energy regulator 0fgem will give details of its new energy price cap for england, scotland and wales later. it s widely expected to fall, but that won t mean customers bills go down. that s because a separate government price guarantee which limits the amount people pay is due to rise by £500 in april. and at the same time, £400 provision of energy support will stop. colletta smith has more. i think we can turn the charger off now. henry and william are getting pretty good at this game. balancing the lights, the heating and power plugs to keep everyone happy and the bills down. 0h, here. h