Thursday 13 September 2018
UK announces £25m EV battery challenge
Businesses with innovative projects to develop batteries for future electric vehicles (EVs) are being invited to bid for a share of £25 million.
It is part of the £246 million Faraday Battery Challenge, which aims to develop high-performance, lightweight batteries that are cost-effective, durable, safe and recyclable for the next generation of EVs.
There are two opportunities to apply for funding: up to £23 million is available for industrial research and development and up to £2 million for feasibility studies.
Projects should aim to make it easier to scale up battery production and use and build the UK supply chain.
They must address technical and commercial challenges, including reducing costs at the cell and pack level and minimising manufacturing costs, increasing the energy density per cell and the power density per pack, creating new models to predict range and battery health and improving recyclability.
Projects can have total costs of between £500,000 and £15 million and last between three and 18 months.
Funding is being provided by UK Research and Innovation (UKRI) and delivered by Innovate UK.
The competition will open on 17th September and deadline for applications is 12th December 2018.
