Businesses can apply for a share of £25 million in the latest Faraday Battery Challenge opportunity, part of the Industrial Strategy Challenge Fund.
Innovate UK has up to £25 million to invest in new automotive battery technologies that help to build the vehicle battery supply chain in the UK.
Supporting the Industrial Strategy
This funding is the latest in government's Industrial Strategy Challenge Fund Faraday Battery Challenge.
The Faraday Battery Challenge is a £246 million investment over 4 years. It will support the development of safe, cost-effective, durable, lighter weight, high-performing and recyclable batteries in the UK.
It forms part of government's Sector Deal with the automotive industry. This is a joint commitment to work together and invest in areas of UK strength, including connected and autonomous vehicles, battery technology and ultra-low and zero emission vehicles.
Aim is to make UK a global leader
Batteries for future electric vehicles are seen as a major opportunity for UK businesses.
Projects in this competition must support the challenge's aim to make the UK a global leader in the design, development and manufacture of batteries.
Areas that could attract funding include:
- cost reduction at the cell and pack level
- increasing energy and power density
- eliminating thermal runaway risks for enhanced safety
- lengthening cell and pack life
- broadening the temperature ranges that a pack efficiently operates at
- new models to better predict range and battery health
- improving recyclability
- innovation in cell, module and pack production
- integration of cells into modules, packs and vehicles
- battery management systems
- enabling fast charging
- projects that stimulate and broaden innovation in the manufacture, performance and supply of materials
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