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.
northern ireland as part as the uk northern ireland as part as the uk were part of the uk. it s imperative politically that they get the situation resolved. resolved. also if it is resolved, resolved. also if it is resolved, if - resolved. also if it is resolved, if it - resolved. also if it is i resolved, if it improves relations between the uk and the eu, again, thatare relations between the uk and the eu, again, that are so criticalfor the eu, again, that are so critical for trade because the eu is still our biggest trading partner. eu is still our biggest trading artner. , , ., partner. this is it, and it o ens partner. this is it, and it opens many partner. this is it, and it opens many doors, - partner. this is it, and it opens many doors, notl partner. this is it, and it. opens many doors, notjust relations with the eu that are strained, we have heard relations with america on the line to some degree given that president biden is taking an interest in irish politics as