Tuesday 24 May 2022

Fresh £25m investment to rev up EV battery technology

Fresh £25m investment to rev up EV battery technology

New investment of up to £25 million has been announced to support “breakthrough advances” in battery technologies for electric vehicles (EVs).

The Faraday Battery Challenge, part of UK Research and Innovation (UKRI) and delivered by Innovate UK, is seeking projects that will deliver developments in sustainable propulsion battery technologies.

The competition aims to move UK battery innovations from technological potential towards commercial capability as well as develop and secure material and manufacturing supply chains for battery technologies in the UK.

Funding applications must be submitted by 17th August 2022 for projects starting on 1st January 2023 and led by a UK-registered business or organisation.

This fifth round is interested in applications that use a combination of innovations in process improvements, cell chemistry, cell to pack efficiency and novel design concepts.

The challenge will mainly focus on supporting technologies with the potential to enter the automotive market within the next 10 to 15 years.

Tony Harper, Director of the Faraday Battery Challenge said: “If the UK is to realise its commitment to move to full electrification and zero-emissions vehicles, we must support promising technologies.

“At the same time, we need to build and secure a strong UK supply chain that will put the country at the forefront of innovation.

“This new round of funding will enable us to help businesses build partnerships and de-risk innovation across the supply chain. We will build on the UK’s world class research and innovation to move the industry forward.”

Written by

Bruna Pinhoni

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