Subsea Craft invests in Lorillion for UK sovereign battery capability
SubSea Craft has made a strategic multi-million-pound investment to acquire a 40% equity interest in LORILLION. This investment aims to bolster the UK's sovereign battery capability, specifically for the defense sector.
Why it matters: SubSea Craft's investment in UK battery technology signals a concerted effort to onshore critical defense supply chains, enhancing national resilience and technological independence in a key energy domain.