As the world turns towards a low-carbon future in which clean, renewable electricity powers our vehicles, transport networks, homes and businesses, batteries are increasingly vital to energy storage for renewable power and battery-powered electric vehicles (BPVs).
According to market intelligence consultancy, the Lithium Ion battery cell market is forecast by Frost & Sullivan to reach $75 billion by 2020.
Now Dukosi, an Edinburgh based smart battery technology company, has announced a new funding award following the £1.2 million raised in November last year.
The organisation develops disruptive cell level intelligence battery management technology to optimise battery lifetime, monitoring and second life use. Dukosi has received private equity funding from IP Group plc, the Par Equity Syndicate and the Scottish Investment Bank.
As part of a consortium led by British company AGM Batteries, the group has been awarded funding of £2.4 million towards a £5.4 million project to develop the next generation of battery packs for high performance, low carbon vehicles. £2.7 million has been provided by the Advanced Propulsion Centre (APC), which was set up at the end of 2013 as a 10-year £1 billion partnership between industry and government to build UK industrial capability through the research, development and industrialisation of low carbon propulsion technologies.
This project aims to capitalise on the UK’s strong battery technology research base and bring production back to the UK to serve demand from a changing automotive industry.
The collaborative project combines UK innovations and knowledge from five partners; AGM Batteries (a battery cell manufacturer), Dukosi (a leader in smart battery management technology), Johnson Matthey Battery Systems (a battery pack manufacturer), Warwick Manufacturing Group (an academic group with specialist battery knowledge and facilities) and Cosworth (a world leading high performance powertrain developer).
The project will allow the five partners to each bring unique capabilities and technologies into the development of a market leading high performance battery pack. At the end of the project the consortium will be able to manufacture these batteries in the UK, creating more than 50 new jobs.
Gordon Povey, Chief Executive, Dukosi, commented, “Today’s automotive battery management systems typically use centralised architectures with large amounts of wiring. In this project Dukosi’s smart BMS technology will be embedded within each cell during the manufacturing process.
“This disruptive approach will minimise battery wiring, reduce manufacturing costs, and will also improve system performance by using Dukosi’s unique independent cell level battery models. We are confident that this APC4 project will lead the way for next generation battery systems that will be used in tomorrow’s low carbon vehicles and for other large battery applications.”