In the latest round of grants to be announced through the
UK Government’s Faraday Battery Challenge, Deregallera Ltd
and Tri-Wall Europe Limited have been allocated a share of
£1.4 million to develop the latest battery technologies.
This new allocation will enable the creation of more
highly-skilled, well-paid jobs across the country, boosting
the economy and cementing Wales’ reputation for innovation
excellence.
The fund forms part of the UK Government’s drive to
maintain Britain’s place at the forefront of new
technologies and emerging markets, through its modern
Industrial Strategy.
Bringing together world-leading academia and businesses to
accelerate the research needed to develop the latest
electric car battery technologies, the Faraday Battery
Challenge is a crucial part of the UK’s move towards a net
zero emissions economy.
Secretary of State for Wales, said:
The Industrial Strategy is a vital part of the UK
Government’s plan to support sustainable green growth,
creating opportunities and jobs in every corner of the
UK.
This latest round of funding allocated to Wales in the
Faraday Battery Challenge demonstrates the UK
Government’s commitment to driving forward Welsh
innovation and research. Investing in a greener future is
a top priority for the UK Government and I look forward
to seeing how the selected recipients maximise on the
£1.4 million to put Wales at the forefront of green
innovation.
The £23 million announced by Business Secretary forms part of the total
£274 million that will be awarded to consortia across the
UK through the Faraday Battery Challenge.
UK Research and Innovation Chief Executive, Professor Sir
Mark Walport, said:
The Faraday Battery Challenge brings together the UK’s
world-class expertise across research and industry to
deliver battery technologies that will power the vehicles
of the future.
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, from their power
source and performance to safety and manufacturing.
ENDS
Notes to editors
- Caerphilly-based Deregallera is developing a new hybrid
energy storage system to extend the life of an electric
vehicle battery by 50%.
- Tri-Wall Europe is based in Monmouth.
- Other projects that were granted funding
are listed.
- The ISCF is delivered by UK Research and
Innovation (UKRI). UKRI is a new body which works
in partnership with universities, research organisations,
businesses, charities, and government to create the best
possible environment for research and innovation to
flourish.
- The Faraday Battery
Challenge is a £274 million government
investment into battery technology through the Industrial
Strategy. It will develop safe, cost effective, durable,
lighter weight, higher performing and recyclable
batteries in the UK which will power the next generation
of electric vehicles.
- As a key part of the UK government’s modern Industrial
Strategy, the Future of Mobility Grand Challenge was
announced in 2017 to encourage and support extraordinary
innovation in UK engineering and technology, making the UK
a world leader within the transport industries.
- This includes facilitating profound changes in
transport technologies and business models, to make the
movement of people, goods and services across the nation
greener, safer, easier and more reliable.
