24.7.2017Government invests Â£246 million in battery technology
The UK Government has announced a Â£246 million investment in battery technology as Business Secretary Greg Clark launches the 'Faraday Challenge'.
The first phase of the challenge includes the Â£45 million Battery Institute competition, which looks to establish a centre for battery research to make energy storage technology more affordable.
The four year investment round is part of the government's Industrial Strategy, which co-ordinates a programme of competitions that aim to boost R&D expertise in battery technology.
The Faraday Challenge Advisory Board will be established to oversee the challenge, chaired by Professor Richard Parry-Jones, a senior engineering leader with decades of senior automotive industry experience and recently chaired the UK Automotive Council for six years.
The most promising research completed by the Institute will be moved closer to the market through industrial collaborations led by Innovate UK. The Advanced Propulsion Centre will work with the automotive sector to identify the best proposition for a new state-of-the-art open access National Battery Manufacturing Development facility.
Mr Clark said: "The work that we do through the Faraday Challenge will â€“ quite literally â€“ power the automotive and energy revolution where, already, the UK is leading the world."
The research and development projects will give a boost to the UK automotive industry in both the development of EV batteries, and integration of smart vehicle-to-grid technology.
Professor Philip Nelson, Chief Executive of the Engineering and Physical Sciences Research Council (EPSRC), said: "Batteries will form a cornerstone of a low carbon economy, whether in cars, aircraft, consumer electronics, district or grid storage.
"To deliver the UK's low carbon economy we must consolidate and grow our capabilities in novel battery technology. EPSRCâ€™s previous research investments mean we are in a world-leading position."
The Business Secretary will also be confirming today the launch of the third Connected Autonomous Vehicles(CAV) research and development competition, with Â£25 million of funding being made available to new projects.