R&D projects to get share of £22m funding through Faraday Battery Challenge

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A total of £22 million in grants is being awarded to consortia across the UK as part of the latest round of funding through the Faraday Battery Challenge – part of the government’s Industrial Strategy Challenge Fund.

Among the 12 projects to have been given the green light is a new pioneering technology that aims to ensure a next generation of safer, high-powered electric car batteries can be charged by drivers in ultra-fast time.

The PowerDrive Line project, led by Southampton-based company Ilika, is focusing on sold state battery cell development, in particular, how to manufacture at scale in the UK and how to build in ultra-fast charging technology of less than 25 minutes for a vehicle.

Other major R&D projects funded include a McLaren Automotive led consortium project that aims to accelerate the development of electrified powertrains and an Aston Martin Lagonda project into the development of better performance battery packs.

Business Secretary Greg Clark says: “Innovative battery technology is changing the way we live, travel and work and the government is committed to putting Britain at the heart of this energy revolution. Today’s £22 million investment in world-leading R&D projects is an example of our modern Industrial Strategy in action and will help pioneering companies realise the economic benefits the global transition to a low carbon economy offers.”

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