Brit-Govt Business Secretary Greg Clark has announced the consortium of UK universities that will form the Faraday Battery Institute, a new £65 million research institute responsible for building the UK’s status as a global leader in battery research and technology.
He said: “The institute will bring together the expertise and insight from its seven founding partner universities, industry partners and other academic institutions to accelerate fundamental research to develop battery technologies.
“This will ensure the UK is well placed to take advantage of the future economic opportunities from emerging technology.
But none of the universities or colleges are based in Scotland.
The universities forming the institute are Southampton, Newcastle, Cambridge, Oxford,Warwick, Imperial College London and University College London.
With £65 million of funding through the Engineering and Physical Sciences Research Council (EPSRC), the Faraday Battery Institute will invest an initial £13.7 million (more than 20% of its budget) to set up a new headquarters.
The Faraday Battery Institute, with £65 million from the Industrial Strategy Challenge Fund, is part of Government’s £246 million investment in battery technology through the Industrial Strategy.
Clark added that this will help’ UK businesses seize the opportunities presented by the transition to a low carbon economy and ensure the UK leads the world in the design, development and manufacture of batteries for the electrification of vehicles.”
Meanwhile, the Solar Trade Association will today publish new guidelines for the domestic battery storage industry to increase consumer confidence.
The STA aims to encourage high standards early in the development of the UK’s currently nascent domestic battery storage industry, putting the interests of domestic consumers uppermost.
And, having achieved 5% VAT on domestic storage for the installation of storage alongside new solar PV, the STA is now pressing for the 5% VAT rate to apply to the retrofit of battery storage for the 875,000 homes that already have solar PV.
3 Oct 2017