£27.6m for innovative battery projects to be delivered through Faraday Battery Challenge
Thu 26 January 2023
View all news
Projects exploring battery recycling, digital twins, new battery materials, and new manufacturing techniques will share £27.6 million in funding from UK Research and Innovation’s Faraday Battery Challenge.
17 projects are being funded through Innovate UK to support innovation in propulsion battery technologies for electric vehicles (EVs) in the UK.
The projects aim to enable UK competitiveness across the battery value chain by:
- building and securing the UK supply chain
- improving battery performance
- reducing batteries cost
- developing more efficient and globally competitive manufacturing processes
- developing more sustainable batteries
- accelerating the development and scale-up of battery technologies
For example, a project from EXtrAPower, led by Nyobolt Ltd, aims to bring to market an ultra-fast charging battery technology which could cut the time taken to fully charge a vehicle from hours to minutes.
Another funded project, being developed by Altilium Metals Ltd, is exploring how to recover the critical metals from old EV batteries and how to process them effectively so they can be reused in new batteries.
Minister for Industry and Investment Security Nusrat Ghani said: "Efficient and reliable batteries are the key to powering new, green industries that will create jobs and enable our UK-made transition to net zero – from our world-leading renewables industry to our growing electric vehicle sector."
Tony Harper, Challenge Director for the Faraday Battery Challenge, said: "As we move towards a net zero future the UK’s electric vehicle industry must continue to evolve.
"These winning projects have all shown how their ideas can potentially accelerate the development of technologies or business practices in the UK."
For more details of funded projects, follow the associated link.
Photo: Courtesy https://unsplash.com/@theblowup
Related Links
< Back to news list