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Published October 27, 2022
The UK government is to provide £211 million in new funding for battery research and innovation.
The funding will be delivered between 2022 and 2025 by UK Research and Innovation with support from the Faraday Institution, Innovate UK and the UK Battery Industrialisation Centre.
The funding will be delivered through the Faraday Battery Challenge, which began in 2017 and supports world-class scientific technology development and manufacturing scale-up capability for batteries in the UK.
The funding will help the battery sector deliver 100,000 jobs in battery gigafactories and the battery supply chain by 2040. In turn, it is hoped the funding will help industries such as domestic energy storage and electric vehicles to grow.
The Faraday Battery Challenge aims to build a high-tech, high-value, high-skill battery industry in the UK. Delivered by Innovate UK, the Challenge has supported over 140 organisations working across the UK, attracting over £400 million in further private sector investment.
For example, the Challenge has supported the ICE-Batt project to investigate how innovative carbons such as nanotubes (CNTs) and graphene nanoplatelets (GNPs) can improve battery performance. ICE-Batt will bring together GNP technology, formulation expertise and battery materials from three companies, Thomas Swan’s CPI and Johnson Matthey. The aim is to bring together these leaders in their fields to optimize the innovative carbons and understand how best to integrate these with JM battery materials.