Published on: 07 May 2023
£10m in funding available for battery technology development
The Faraday Battery Challenge Round 6 Innovation Competition launches on 16 May 2023, aiming to accelerate the development of sustainable and affordable battery technologies. Up to £10m has been allocated for business-led collaborative feasibility studies and CR&D projects.
The competition aims to:
- Accelerate development and commercialisation of state-of-the-art battery technologies in the UK
- Support growth of the supply chain and companies in the UK battery sector
- Increase UK competitiveness in the global battery industry
- Demonstrate ability of battery technologies to meet need of specific applications
A briefing event will be held at 10:00 on Wednesday, 17 May 2023. The event will provide valuable information and insights into the competition, helping potential applicants to better understand the application process and the requirements for successful proposals.
>> Register for the briefing event