EV battery development projects share £23m funding
The government has announced the companies that have won a share of £23m funding through the Faraday Battery Challenge.
The Faraday Battery Challenge brings together academia and businesses to accelerate the research needed to develop the latest electric car battery technologies – a crucial part of the UK’s move towards a net zero emissions economy. It is also a key contributor to all new cars and vans being effectively zero emission by 2040.
Winners include mining consultancy firm Wardell Armstrong who will work with experts at the Natural History Museum and mining firm Cornish Lithium to lead a new study looking to develop a UK supply of lithium, helping to meet the massive demand expected from the transition to electric vehicles.
A Jaguar Land Rover-led will lead a project to maximise battery performance while maintaining safety.
There will also be a study looking into the use of artificial intelligence in battery manufacture, led by materials technology company Granta Design.
Business and Energy Secretary, Greg Clark said: "We are committed to ensuring our world-leading automotive sector can flourish. These exciting new projects will build on the UK’s reputation for excellence, our rich heritage in the auto industry and pave the way for advances towards a cleaner economy.
"We will continue to invest in future car manufacturing, batteries and electrification infrastructure through our modern Industrial Strategy and today’s winners will be crucial in ensuring that the UK leads the world in the global transition to a low carbon economy - one of the greatest industrial opportunities of our time."
Today’s £23 million investment forms part of the total £274 million that will be awarded to consortia across the UK through the Faraday Battery Challenge, part of the government’s Industrial Strategy Challenge Fund(ISCF).