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Government investment aims to make UK a world leader in battery technology

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The UK Government has announced the first phase of a four-year investment totalling £246 million into the development of new battery technologies. The strategy envisions the creation of giant battery facilities around the National Grid to store excess wind and solar energy for periods of high demand.
Part of the government's strategy includes the construction of giant battery facilities around the National Grid to store excess renewable energy
As part of the investment, the first phase of which has been dubbed ‘The Faraday Challenge’, there will be a ‘Battery Institute’ competition to establish a centre for battery research to make the technology more accessible and affordable.

The investment in battery technology is expected to have particular benefits to the automotive and renewable energy industries. 

Ruth McKernan, Innovative UK Chief Executive said:

“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.”

As renewable energy and electric vehicles gain in popularity, the need for improved battery design has become a top industrial priority.

Commenting on the fund, Greg Clark the secretary of state for business, energy and industrial strategy, said:

“The Faraday Challenge will put £246 million into research, innovation and scale-up of 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.”

Professor Philip Nelson, Chief Executive of the Engineering and Physical Sciences Research Council (EPSRC), said:

“Batteries will form a cornerstone of a low carbon economy, whether in cars, aircraft, consumer electronics, district or grid storage. To deliver the UK’s low carbon economy we must consolidate and grow our capabilities in novel battery technology.”

The Business Secretary has also confirmed the launch of a third Connected Autonomous Vehicles research and development competition, with £25 million of funding being made available to new projects.

The government is making funding available for off-road driverless innovation, with investments earmarked for cutting-edge projects that will grow the commercial potential of off-road driverless technology and develop technologies that will increase productivity and improve mobility in a range of sectors including construction, farming and mining.

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Government investment aims to make UK a world leader in battery technology - Time to read 2 min
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