Business Secretary to establish UK as world leader in battery technology as part of modern Industrial Strategy.
Business Secretary Greg Clark announces the launch of the £246 million Faraday Challenge to boost expertise in battery technology.
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Business and Energy Secretary, Greg Clark, announced in a keynote speech on the Industrial Strategy last month the launch of the first phase of a £246 million government investment into battery technology to ensure the UK builds on its strengths and leads the world in the design, development and manufacture of electric batteries.
Known as the Faraday Challenge, 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.
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