AMTE Power plc
AMTE.L
London Stock Exchange0.88
GBp
-0.07
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AMTE Power plc
AMTE.L
(London Stock Exchange)
Recent
price
0.88
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- AMTE Power plc develops and manufactures advanced lithium-ion and sodium-ion battery cells primarily for specialist markets such as automotive, motorsport, aerospace, industrial, and stationary energy storage. Its core product portfolio includes Ultra High Power (UHP) cells capable of delivering power at rates exceeding 35C, Ultra Safe (US) cells emphasizing safety features, Ultra Energy (UE) cells optimized for energy density, and Ultra Prime (UPr) cells tailored for premium applications. The company offers these battery cells in cylindrical and pouch formats with applications extending to original equipment manufacturer (OEM) programs. Founded in 2013 and headquartered in Thurso, Scotland, AMTE Power is known for innovation in next-generation battery technologies. In recent major developments, AMTE Power entered administration in early 2024 due to financial difficulties. Its business and manufacturing assets were acquired by Dutch battery technology firm LionVolt, which has taken over the Scottish battery production facility, repurposing it to manufacture LionVolt's solid-state batteries. This transaction preserved the operational base in Scotland while marking a significant strategic shift as AMTE Power's independent business activities ceased under new ownership. Prior to administration, AMTE Power made strategic partnerships, including a Memorandum of Understanding with automotive engineering company Cosworth to supply Ultra High Power battery cells for electric vehicles and motorsports. AMTE Power's operations focused on specialist segments requiring high-performance, safety, and energy-dense battery solutions, serving markets in the UK and beyond. Its advanced cell technologies include certification milestones such as UN38.3 for safety and have been integrated into motorsport and OEM programs. The company's transition through administration and acquisition in 2024 represents a major operational and strategic change while maintaining its legacy in UK battery manufacturing through LionVolt's stewardship. Overall, AMTE Power plc represented a leading UK battery cell developer and manufacturer with specialized lithium-ion and sodium-ion products for high-performance applications until its 2024 sale to LionVolt, which now preserves and advances the manufacturing capabilities in Scotland.