Business Secretary to establish UK as world leader in battery technology

On Monday 24 July, Business Secretary Greg Clark announced the launch of the £246 million Faraday Challenge to boost expertise in battery technology. The will ensure the UK builds on its strengths and leads the world in the design, development and manufacture of electric batteries. The 4-year investment round is a key part of the government’s Industrial Strategy. It will deliver a coordinated programme of competitions that will aim to boost both the research and development of expertise in battery technology. Greg said: ‘The work that we do through the Faraday Challenge will – quite literally – power the automotive and energy revolution where, already, the UK is leading the world.’ Full press release can be found here or apply to any of the competitions here.