Faraday funding support
Highlands firm Denchi secures share of battery grant
Businesses ranging from small designers to major car manufacturers are among the winners of the government’s Faraday Battery Challenge announced by Business Secretary Greg Clark.
Denchi Power, a Thurso-based supplier and manufacturer of Lithium-ion battery pack solutions and chargers for the military and armed forces, received £965,145, with technicians from Dundee and Stirling also receiving support.
The challenge forms part of the government’s drive to maintain the UK as a world-leader in the latest technologies and emerging markets, through its modern Industrial Strategy.
The Faraday Battery Challenge brings together world-leading academia and businesses to accelerate the research needed to develop the latest electric car battery technologies – considered a crucial part of the UK’s move towards a net zero emissions economy. It is also a key contributor to all new cars and vans being effectively zero emission by 2040.
Welcoming the funding news, the Scottish Secretary David Mundell, pictured, said: “Scotland has a well-deserved reputation for world class design, technology, engineering and energy innovation and the UK Government is continuing to invest in pioneering developments through our modern Industrial Strategy.
“I am pleased to see Scottish companies and consortia receive more than £1.2 million of funding in this latest round of the Faraday Battery Challenge with Dundee and Stirling leading the way. I encourage Scottish innovators to continue to push the boundaries in developing high-performing yet recyclable batteries for our future.”
Mr Clark said: “We are committed to ensuring our world-leading automotive sector can flourish. These exciting new projects will build on the UK’s reputation for excellence, our rich heritage in the auto industry and pave the way for advances towards a cleaner economy.
“We will continue to invest in future car manufacturing, batteries and electrification infrastructure through our modern Industrial Strategy and today’s winners will be crucial in ensuring that the UK leads the world in the global transition to a low carbon economy – one of the greatest industrial opportunities of our time.”
Today’s investment forms part of the total £274 million that will be awarded to consortia across the UK through the Faraday Battery Challenge, part of the government’s Industrial Strategy Challenge Fund (ISCF).
Faraday Battery Challenge Director Tony Harper said: “Across the three rounds of funding competitions we have now awarded a total of £82.6m to 63 projects.
“This is a massive investment in business-led battery R&D in the UK, supporting innovative technologies and helping to build a UK supply chain that can compete on the global stage”.
UK Research and Innovation Chief Executive, Professor Sir Mark Walport, said: “The projects announced today emphasise how this collective expertise is being brought to bear on the biggest challenges facing the development of next-generation electric car batteries.”