Funding new battery technology
As part of the Industrial Strategy Challenge fund, £25 million is available for the development of new battery technology. Ellis Davies reports.
In a bid to promote new battery technologies that could help build the vehicle battery supply chain in the UK, Innovate UK has set aside £25 million for the latest The Faraday Battery Challenge – a £246 million investment over 4 years to support the development of safe, cost-effective, durable, lighter weight, high-performing and recyclable batteries in the UK.
The projects submitted to the competition must support the challenge’s aim to make the UK a global leader in the design, development and manufacture of batteries. Areas such as cost reduction at the cell and pack level, increasing energy and power density, and lengthening cell and pack life will attract funding.
There are two competitions – collaborative research and development, and feasibility studies. Up to £23 million is available for the former, and £2 million the latter. Competitions opened on 22 January, and the deadline for submission is 28 March 2018. Briefing events will also be held in London, Newcastle and Cardiff throughout February.