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The Race for Batteries

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UK Bets £246 Million on Batteries

July 25th 2017

Electric car Israel

The UK government, is due to announce today the first phase of a four-year £246 million investment (about €275 million or $320 million) in the research and scale-up to production of battery technology.

Battery development is being supported under a scheme the government calls the Faraday Challenge and has been selected because making batteries more efficient and renewable is likely to form a cornerstone of a low-carbon economy as batteries are used broadly in cars, aircraft, medical equipment, consumer electronics, and in district or grid storage. It is also intended to capitalize in good academic research present in the UK.

The spend of £246 million by the government is intended to help the UK become the world leader in the design, development and manufacture of electric batteries. The first phase will be a competition to establish a £45 million 'Battery Institute' for research into battery technology.

The Faraday Challenge is one of six key challenge areas that the government, together with business and academia, has identified. It is, in part, a response to a green paper posted by the UK government called Building our Industrial Strategy . The green paper, published earlier this year, has received over 1,900 written responses from a diverse set of companies, industry bodies and institutions.

The Faraday Challenge’s is organized as a series of competitions to win funds and these are divided into three areas - research, innovation and scale-up. The Battery Institute fits into the research zone. Then a number of competitions will be used to move promising research closer to market under the innovation banner. A National Battery Manufacturing Development facility will then be used to support the scale-up of the technology.


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