AMTE Power receives funding boost from HIE
AMTE Power’s Thurso plant
AMTE Power, the battery manufacturer, has received a £580,000 loan from Highlands and Islands Enterprise for general working capital purposes to support the group’s operations in Thurso.
The company, which intends to build a megafactory in Dundee, remains in discussions with HIE regarding the possibility of a further loan to be used for similar purposes.
Alan Hollis, CEO of AMTE Power, said the loan “demonstrates our future contribution to the local community.”
Eann Sinclair, Caithness & Sutherland area manager at HIE, commented: “AMTE is a key employer in Caithness, and we are delighted to support the company as it transitions from its research and development work into manufacturing.”