UK Looking to Lead Way in Energy Storage With CompetitionsWednesday 26th July 2017
UK Business and Energy Secretary Greg Clark announced this week the launch of the first phase of a £246 million government investment into battery technology to ensure the UK builds on its strengths with the aim to lead the world in the design, development and manufacture of electric batteries.
Known as the Faraday Challenge, the 4-year investment round is a key part of the UK government’s Industrial Strategy. It looks to deliver a coordinated programme of competitions that will aim to boost both the research and development of expertise in battery technology.
The first element will be a competition led by the UK’s Engineering and Physical Sciences Research Council to bring the best minds and facilities together to create a Battery Institute. The most promising research completed by the Institute will be moved closer to the market through industrial collaborations led by Innovate UK.
Clark also stated in a speech that the work that the the Faraday Challenge will inspire will power the automotive and energy revolution.
The Faraday Challenge forms 1 of 6 key challenge areas that the UK government, together with business and academia, has identified through its flagship Industrial Strategy Challenge Fund (ISCF) as being one of the UK’s core industrial challenges, where research and innovation can help unlock markets and industries of the future in which the UK can become world-leading.
The competitions opening this week are expected to offer huge opportunities for UK businesses, helping to generate further jobs and growth in the UK’s low carbon economy.
Picture of The Rt Hon Greg Clark MP - Secretary of State for Communities and Local Government the Rt Hon Greg Clark MP - from gov.uk.
Wednesday 26th July 2017