Categories: MobilitySmartphones

Government Ploughs £246m Into UK Battery Tech Development

The government has launched a £246 million fund to boost the development of battery technology in the UK over the next four years.

Dubbed the Faraday Challenge, the fund will cover three areas: research, innovation, and scaling-up the application of new battery technology.

“The work that we do through the Faraday Challenge will – quite literally – power the automotive and energy revolution where, already, the UK is leading the world,” said business secretary Greg Clark, who announced the launch of the Faraday Challenge, which forms part of the government’s wider Industrial Strategy.

Batteries included

The first stage of the Faraday Challenge will see a £45 million ‘Battery Institute’ competition setup to establish a centre of research for battery technology.

Following that, the most promising research completed in the institute will be moved closer to a marketable product through collaborative research and development competitions, spearheaded by Innovate UK, the government’s innovation agency.

Then to take the technology further to market and into real-world use, another competition will be launched with the Advanced Propulsion Centre to identify the best battery technology to be given access to a state-of-the-art National Battery Manufacturing Development facility.

The overall idea behind the Faraday Challenge is to establish the UK as a leader in cutting-edge battery technology.

“By any scale, the Faraday Challenge is a game changing investment in the UK and will make people around the globe take notice of what the UK is doing in terms of battery development for the automotive sector,” said Ruth McKernan, Innovate UK’s chief executive.

“The competitions opening this week present huge opportunities for UK businesses, helping to generate further jobs and growth in the UK’s low carbon economy.”

Alongside the battery tech investment, the business secretary has also launched the third Connected Autonomous Vehicles research and development competition, which will channel £25 million of funding into the development of driverless vehicles.

The government is clearly keen of supporting UK technology development, having recently launched a £700 million fund for technology innovation, AI and robotics development.

Put your knowledge of artificial intelligence to the test. Try our quiz!

Roland Moore-Colyer

As News Editor of Silicon UK, Roland keeps a keen eye on the daily tech news coverage for the site, while also focusing on stories around cyber security, public sector IT, innovation, AI, and gadgets.

Recent Posts

AWS re:Invent Conference Welcomes Back Crowds

Over 27,000 attendees and members of the press (including Silicon) attend Amazon Web Services worldwide…

5 hours ago

Head Of Car Giant Stellantis Issues Electric Vehicle Cost Warning

The car manufacturing industry cannot sustain the costs from government demands to shift to electric…

6 hours ago

SpaceX’s Elon Musk Warns Of Bankruptcy Risk Over Engine Issue

SpaceX CEO Elon Musk warns of “disaster” concerning production of Starship Raptor engine that puts…

7 hours ago

Twitter To Remove Photos Tweeted Without Permission

Privacy overstep? Personal photos and videos of private individuals tweeted without the consent of the…

8 hours ago

Facebook Cryptocurrency Executive David Marcus To Leave

Executive in charge of Meta's cryptocurrency efforts, confirms he is leaving after seven years at…

11 hours ago

NY AG Seeks Overseer For Amazon Worker Safety

New York's attorney general asks US judge to appoint someone who will oversee worker safety…

11 hours ago