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Faraday Battery Challenge
The Faraday Battery Challenge is part of the Industrial Strategy Challenge Fund, run by UK Research and Innovation and designed to ensure that research and innovation take centre stage in the government’s Industrial Strategy. With investment of £274 million between 2017-2021 and additional investment of £43.75m due between 2021 and 2022, the challenge aims to support a world class scientific, technology development and manufacturing scale-up capability for batteries in the UK. The challenge is focused on developing cost-effective, high-performing, long-lasting, safe and recyclable batteries to capture a growing market. The challenge has three strands: Research, Innovation and Scale-up.
• Research: funded through the Engineering and Physical Sciences Research Council (EPSRC), part of UK Research & Innovation, the Faraday Institution is a £78 million research institute that will accelerate the fundamental research needed for future battery development. It will bring together expertise from universities and industry to support research, training and analysis into electrochemical energy storage science and technology.
• Innovation: delivered by Innovate UK, part of UK Research & Innovation, £88 million of funding is available for businesses to lead feasibility studies and collaborative research and development projects in battery technologies.
• Scale-up delivered by the Advanced Propulsion Centre (APC), the £108 million UK Battery Industrialisation Centre (UKBIC) will enable companies of all sizes to develop manufacturing capabilities for battery technologies to get them to market quickly.
A video outlining the Faraday Battery Challenge can be found at – https://youtu.be/TGFRbGlj29E