Green light for further battery development funding

BEIS has awarded a further £23mn of funding for businesses to develop technology for electric vehicle (EV) batteries. In the 11 June announcement the department said the funding which is part of the modern Industrial Strategy’s Future of Mobility Grand Challenge, will go to the winners of Round 3 of the Faraday Battery Challenge.

The winning companies include mining consultancy firm Wardell Armstrong, which will work with experts at the Natural History Museum and mining firm Cornish Lithium, to lead a new study looking to develop a UK supply of lithium. There is also a Jaguar Land Rover-led project to maximise battery performance while maintaining safety.

In all some £82mn has been allocated to 63 projects across the 3 rounds to date.

BEIS