£65m technology research institute consortium announced
A consortium of UK universities will form the Faraday Battery Institute, a new £65 million research institute responsible for building the UK’s status as a global leader in battery research and technology.
The Institute will bring together the expertise and insight from its seven founding partner universities, industry partners and other academic institutions to accelerate fundamental research to develop battery technologies.
The universities forming the institute are: Imperial College London; Newcastle University; University College London; University of Cambridge; University of Oxford; University of Southampton; and the University of Warwick.
With £65 million of funding through the Engineering and Physical Sciences Research Council (EPSRC), the Institute will invest an initial £13.7 million to set up a headquarters.
EPSRC Chief Executive Professor Philip Nelson said: “Climate change and moving towards low carbon economies mean the demand for clean energy production and effective energy storage, in the UK and globally, is rising.
“The Faraday Institute will bring leading academics in the field of battery development together to explore novel approaches that will meet these challenges and accelerate the development of new products and techniques
“EPSRC is pleased to be helping establish the Institute, and the drive to keep the UK a prosperous and productive nation.”
The Faraday Research Challenge is divided into 3 streams – research, innovation and scale-up which is designed to drive a step-change in transforming the UK’s world-leading research into market-ready technologies that ensures economic success for the UK.