Williams F1 acquires WHP majority shareholding

Formula One team Williams F1 has confirmed that is has acquired a majority shareholding in Williams Hybrid Power (WHP), increasing its existing 40 per cent stake in the company to 78 per cent.

The company’s original investment dates back to March 2008, when the company bought the minority share in WHP (then Automotive Hybrid Power) – a Norfolk-based provider of composite flywheels.

WHP’s technology is under development at Williams F1’s new research facility at Qatar’s Science and Technology Park, for inclusion in larger infrastructure applications outside of the automotive industry.