29 Jul '17, 5am

UK to Invest $320M in Energy Storage R&D - Renewable Energy World

In a move aimed at powering its transition to a low-carbon economy with energy storage, the UK is set to fund battery technology research to the tune of £246m ($320m). Business and energy secretary Greg Clark is scheduled to announce a four-year investment round, called the Faraday Challenge, today. According to the Business, Energy and Industrial Strategy (BEIS) department, the funding will be distributed through three competition streams that will aim to boost UK-based R&D in storage technology. A £45m research competition will be led by the Engineering and Physical Sciences Research Council (EPSRC) and will begin by creating a Battery Institute. This will consist of a consortium of universities and will aim to address the key industrial challenges in battery development. The next stage will be led by innovation funding body Innovate UK, which will hold R&D competitions ...

Full article: http://www.renewableenergyworld.com/articles/2017/07/uk-t...

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