UK Government announces £65m for battery tech research institute
Mon 02 October 2017 | Back to news list
The UK Government has announced the consortium of UK universities that will form the new ‘Faraday Battery Institute’. The Institute's mission is to raise the UK to a leadership position in battery research and technology. £65m will be channeled through the Engineering and Physical Sciences Research Council (EPSRC) and the Institute will initially invest £13.7m to set up its headquarters.
The Institute will focus on nurturing relationships between businesses and researchers to get technology on the road more quickly, and make it more accessible to consumers.
The universities involved are: Imperial College London, Newcastle University, University College London, University of Cambridge, University of Oxford, University of Southampton and the University of Warwick.
The Business Secretary, Greg Clark, who made the announcement had confirmed in July that the Government would be making an investment of £246 million, over 4 years, in the Faraday Research Challenge to enable world-leading capacity building in the design, development and manufacture of electric batteries in the UK. Mr Clark said: “The Faraday Battery Institute will have a critical role in fostering innovative research collaboration between our world-leading universities and world-beating businesses to make this technology more accessible and more affordable.”
The Faraday Research Challenge is divided into three streams - research, innovation and scale-up which is designed to drive a step-change in transforming the UK’s world-leading research into market-ready technologies that ensures economic success for the UK.
The Manufacturer has also reported that as part of the UK Government's efforts to cement the nation as a global leader in autonomous and battery vehicles, the Government will shortly unveil the winners of its first £55m Connected and Autonomous Vehicles (CAV) testing infrastructure competition.
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