AMTE Power
AMTE Power was a UK-based sodium-ion battery technology developer targeting grid storage, renewable energy integration, and low-cost mobility applications. The company operated a production line in Thurso, Scotland, before divesting its assets to LionVolt BV in January 2024 following severe financial distress.
- Company typePrivate
- Founded2013
- HeadquartersLondon, United Kingdom
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What AMTE Power does
AMTE Power was a UK-based, London-headquartered battery technology company focused on the development and commercialization of sodium-ion battery cells. The company's core product was sodium-ion battery technology intended for grid-scale energy storage, renewable energy integration, and low-cost mobility applications, exploiting sodium-ion chemistry's lower material cost and reduced dependency on critical minerals such as lithium, cobalt, and nickel. AMTE Power was identified as one of the four major European sodium-ion developers alongside Faradion, TIAMAT, and Altris, and operated a battery cell production line in Thurso, Scotland. The company was publicly listed on the London Stock Exchange under the ticker AMTE and employed between 51 and 100 people.
The company's commercial model targeted emerging sodium-ion markets — projected to grow from $50.6 million in 2024 to $1.49 billion by 2035 — but never achieved disclosed commercial-scale production. AMTE Power experienced severe financial distress in 2023, nearly entering administration before securing a £1.0 million secured bridging loan from Arena Investors LP in July 2023 to sustain operations through the end of September 2023, alongside a pursued but undisclosed £2.5 million equity investment. In January 2024, Dutch company LionVolt BV acquired AMTE Power's battery cell production line and associated assets in Thurso, Scotland, effectively ending AMTE Power's independent manufacturing operations and transferring the assets to a buyer pursuing 3D solid-state battery technology.
AMTE Power firmographics
Firmographics- Name
- AMTE Power
- Legal name
- AMTE Power
- Website
- https://amtepower.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Closed
- Headcount range
- 51–100 employees
- Short description
- AMTE Power was a UK-based sodium-ion battery technology developer targeting grid storage, renewable energy integration, and low-cost mobility applications. The company operated a production line in Thurso, Scotland, before divesting its assets to LionVolt BV in January 2024 following severe financial distress.
- Ownership category
- akta.pro rank
AMTE Power industry classification
Industry- Product category
- Energy Storage Batteries
- NAICS
- Battery Manufacturing (33591)
- SIC
- Electrical Industrial Apparatus (3620)
- akta.pro primary industry
- Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA)
- akta.pro secondary industries
- Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Battery Pack Manufacturing & Module Assembly (EUAFABAI)
Keywords
Where AMTE Power is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
AMTE Power business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Operations, Supply Chain, Marketing or Sales
AMTE Power product offering
Product offeringCore offering
AMTE Power developed and sought to commercialize sodium-ion battery technology, partnering with niche customers to scale and transfer emerging new cell chemistries into manufacturing. The company operated a battery cell production line in Thurso, Scotland, targeting grid storage, renewable energy integration, and low-cost mobility applications. It was identified as one of the major European sodium-ion battery developers alongside Faradion, TIAMAT, and Altris.
Differentiator
Problem solved
Functional benefit
Products and services
- Sodium-Ion Battery Technology AMTE Power's sodium-ion battery cell technology developed for grid storage, renewable energy integration, and low-cost mobility applications, offered to niche customers for scale-up and cell technology transfer into manufacturing.
Companies that use AMTE Power
Customer profileIdeal customer profiles2 records
AMTE Power technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AMTE Power partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- LionVolt BVmajorDutch company LionVolt BV acquired the battery cell production line and assets of AMTE Power in Thurso, Scotland, in January 2024. This acquisition strengthened LionVolt's capabilities in advancing 3D solid-state batteries and scaling production.
Scale indicators2 records
Recent moves5 records
Expansion highlights2 records
AMTE Power competitors and assessment
Company assessmentBroad incumbents
- BYD: Global battery and EV manufacturer with active sodium-ion R&D and integrated cell-to-pack manufacturing — relevant incumbent establishing scale advantages in the same chemistry category AMTE was developing.
- Northvolt: Sweden-based European battery manufacturer building gigafactory-scale Li-ion production; relevant incumbent comparable in geography and customer target (European automotive/grid), though chemistry differs.
- CATL: Global battery market leader that has launched commercial sodium-ion products; represents the largest competitive threat to all European sodium-ion developers including AMTE's successors.
Emerging players
- Morrow Batteries: Norway-based battery company developing next-generation cell chemistries including sodium-ion for European customers — a comparable emerging European cell developer.
- HiNa Battery: China-based sodium-ion battery company that has begun commercial deployment in EVs and stationary storage — a comparable emerging player in scaling sodium-ion technology.
- Natron Energy: US-based sodium-ion battery company targeting data center backup power and industrial applications using Prussian-blue chemistry — comparable emerging player in the sodium-ion space.
- LionVolt BV: Dutch solid-state battery developer that acquired AMTE's Thurso production line and assets in January 2024 — a directly comparable cell technology player and AMTE's acquirer of manufacturing assets.
Direct peers
- Faradion: UK-based sodium-ion battery technology developer explicitly named alongside AMTE as a major European sodium-ion player, targeting similar stationary storage and mobility applications with comparable cell chemistry.
- Altris: Sweden-based sodium-ion battery developer named in the same peer group as AMTE, focused on Prussian-blue-analogue cathode chemistry for grid storage applications — a directly comparable European sodium-ion competitor.
- TIAMAT: France-based sodium-ion battery developer explicitly grouped with AMTE as a major European sodium-ion player, focusing on fast-charge applications for mobility and stationary storage.
Market position
Strengths3 records
Weaknesses3 records
Competitive moat2 records
Key risks6 records
Key highlights5 records
Customer concentration
AMTE Power social profiles
Digital presenceAMTE Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
AMTE Power leadership team
Management profileNumber of profiles
Profiles4 records
AMTE Power funding detail
Funding detailFunding overview
Funding rounds7 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AMTE Power M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AMTE Power
What does AMTE Power do?
AMTE Power developed and sought to commercialize sodium-ion battery technology, partnering with niche customers to scale and transfer emerging new cell chemistries into manufacturing. The company operated a battery cell production line in Thurso, Scotland, targeting grid storage, renewable energy integration, and low-cost mobility applications. It was identified as one of the major European sodium-ion battery developers alongside Faradion, TIAMAT, and Altris.
Is AMTE Power a public or private company?
AMTE Power is a private company. It is classified as public and is currently closed.
When was AMTE Power founded?
AMTE Power was founded in 2013. It employs 51 to 100 people.
Where is AMTE Power based?
AMTE Power is headquartered in London, United Kingdom, in the Europe region.
Who are AMTE Power's main competitors?
Broad incumbents on record are BYD, Northvolt and CATL. Emerging players are Morrow Batteries, HiNa Battery, Natron Energy and LionVolt BV. Direct peers are Faradion, Altris and TIAMAT.
Does AMTE Power have an API?
No public API is recorded for AMTE Power.
What industry is AMTE Power in?
AMTE Power's product category is Energy Storage Batteries. Its primary akta.pro industry code is IMAGAHAA, Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH), with a secondary code of IMAGAHAB, Battery Modules & Packs (Industrial/Commercial pack assembly). Its NAICS code is 33591 and its SIC code is 3620.