Faraday Institution to invest £22.6 million in battery research
The UK Faraday Institution has announced a £22.6m commitment to building on its momentum in four key research challenges: extending battery life, battery modelling, recycling and reuse and solid-state batteries.
The £22.6m will fund four refocused research projects, including targeting market opportunities and early-stage commercial development. The overarching goal is to secure battery production and safety know-how in the UK, as well as delivering commercial impact on the technology.
Launched three years ago, the Faraday Institution now counts a research community consisting of over 450 researchers across 21 universities as part of their trust. Coupled with 50 industry partners, the Faraday Institution is set to work on “game-changing energy storage technologies that will transform the UK energy landscape from transportation to grid”. It made headlines two years ago when it announced awards up to £55 million to five UK-based consortia for research on battery chemistries, systems and manufacturing methods.
“The Faraday Institution’s vital research into energy storage is pivotal for meeting our net-zero commitments, particularly as we shift to low-emissions transport on our roads and in our skies,” said Minister for Investment Gerry Grimstone. “I’m delighted that we’re continuing to support their valuable work as part of our commitment to strengthen the UK’s science and research sector, ensuring we build back greener from the pandemic.”
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