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

X’s Community Notes Fails To Stem US Election Misinformation – Report

Hate speech non-profit that defeated Elon Musk's lawsuit, warns X's Community Notes is failing to…

1 day ago

Google Fined More Than World’s GDP By Russia

Good luck. Russia demands Google pay a fine worth more than the world's total GDP,…

1 day ago

Spotify, Paramount Sign Up To Use Google Cloud ARM Chips

Google Cloud signs up Spotify, Paramount Global as early customers of its first ARM-based cloud…

2 days ago

Meta Warns Of Accelerating AI Infrastructure Costs

Facebook parent Meta warns of 'significant acceleration' in expenditures on AI infrastructure as revenue, profits…

2 days ago

AI Helps Boost Microsoft Cloud Revenues By 33 Percent

Microsoft says Azure cloud revenues up 33 percent for September quarter as capital expenditures surge…

2 days ago