Pioneering research and development investments of £120 million from the Industrial Strategy Challenge Fund (ISCF) to help the UK become a world leader in development and production of electric vehicle batteries were announced today by Business and Energy Secretary Greg Clark.
In a speech at the Battery and Energy Storage 2017 Conference, Mr Clark set out the winners of this next phase of the £246 million government investment into battery technology through the Faraday Battery Challenge. These include:
The Faraday Battery Challenge will develop safe, cost effective, durable, lighter weight, high performing and recyclable batteries in the UK which will form the next generation of electric vehicle batteries.
Business and Energy Secretary, Greg Clark said: “Battery technology is one of the most game-changing forms of energy innovation and it is one of the cornerstones of our ambition, through the Industrial Strategy and the Faraday Challenge, to ensure that the UK leads the world, and reaps the economic benefits, in the global transition to a low carbon economy.
“The new facility, based in Coventry and Warwickshire, will propel the UK forward in this thriving area, bringing experts from academia and industry together to deliver innovation and R&D that will further enhance the West Midlands’ international reputation as a cluster of automotive excellence.”
The next round of the Industrial Strategy Challenge Fund Faraday Battery competition will open on January 22nd 2018 and close on 28th March.