Faraday Challenge, CAV3, V2G competitions offer over ¬£125 m in funding
KTN hosts briefing events for ISCF and other competitions to accelerate vehicle electrification.
Competitions to make UK a world leader in energy storage and electric cars
24 July 2017
Business Secretary Greg Clark today announced the release of the first tranche of the ¬£246 million Faraday Challenge for clean and flexible energy. Alongside new funding for¬†vehicle-to-grid (V2G) innovation and connected and autonomous¬†vehicle (CAV) technology, this represents a¬†significant opportunity for the UK automotive and energy sectors.
The Faraday Challenge – which is designed to take battery ideas, inspired¬†by commercial application, all the way from fundamental research through development, innovation and industrial scale up – is part of the Industrial Strategy Challenge Fund (ISCF).
In April 2017,¬†Mr Clark¬†announced the commitment of over ¬£1bn over 4 years in Research and Development via the ISCF.¬†UK businesses and research organisations can now apply for a share of the first ¬£45 million of Faraday Challenge funds.
The Faraday Challenge “is a huge opportunity for the energy sector and automotive sector¬†alike,”¬†Mr Clark said in a speech in Birmingham today; adding that the programme¬†will “make Britain the go-to place in the world for energy storage.”
The Faraday Challenge‚Äôs competitions are divided into 3 streams:
To support world-class research and training in battery materials, technologies and manufacturing processes, the government has opened a ¬£45m competition, led by the Engineering and Physical Sciences Research Council (EPSRC), to bring the best minds and facilities together to create a virtual Battery Institute.
The most promising research completed by the Institute will be moved closer to the market through collaborative research and development competitions, led by Innovate UK.
To further develop the real-world use and application of battery technology the government has opened a competition, led by the Advanced Propulsion Centre, to identify the best proposition for a new state-of-the-art open access National Battery Manufacturing Development facility.
KTN will host a briefing event on 3 August in Birmingham; covering scope for the Faraday Challenge fund and for an¬†Innovate UK Feasibility Study and Research & Development batteries competition. This event will be webcast.
This event will benefit¬†entrepreneurs, innovators and¬†researchers¬†who can expand their work¬†in the areas¬†of battery chemistry,¬†raw materials, materials processing, cell components, cell,¬†module and¬†pack assembly¬†and vehicle integration, cell¬†production methods,¬†and any aspect of the future electric vehicle battery supply chain.
Simultaneously, substantial¬†funding opportunities are available for the development of connected and autonomous vehicles and vehicle-to-grid (V2G) technologies.
Businesses can apply for a share of up to ¬£20 million for innovative projects that support electric vehicles to work smartly with the grid. Register now for competition briefings in London on 9th August and Birmingham on 17th August.
Up to ¬£25 million has also been allocated in the third round of funding for connected and autonomous vehicles; with competition briefings scheduled for London, Scotland, Wales and Northern Ireland, as well as a webcast.