Faraday adds four battery research projects in £55m boost
The Faraday Institution has announced four new battery research projects totallying £55m (€60m).
The projects, announced today by Neil Morris, CEO of Faraday, (above) cover electrode manufacturing, new cathode materials, sodium ion batteries and Lithium Sulfur technology. Each project is worth around £10m and intended to drive the technology to commercial R&D, says Morris. “Lithium ion will be the prevailing technology in electric vehicles in the next several years and we are looking at improved electrode manufacturing for fast charging and higher energy density,” he said. “Lithium sulfur has the potential to be cheaper and provide greater energy,” he added. The Faraday Insitution is already working with UK sodium battery pioneers Faradion and LiNa Energy at Lancaster University in the UK and LiS pioneer Oxis Energy in Oxford.
The four projects fill out the portfolio, alongside the first four announced last year. Those included a project on solid state battery technology as well as battery life, modelling and recycing and reuse.
Future project calls may include newer multivalent battery chemisitries such as magnesium, he says.
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