The Faraday Institution
The Faraday Institution is a £78 million research institute that brings together experts in science, business, and policy to help make the UK the world leader in battery technology. It is a virtual laboratory that draws on the existing strength of universities across the UK. Its headquarters is based at the Harwell Science and Innovation Campus in Oxfordshire.
By helping to promote battery research, they will create new jobs, new industries, and develop tomorrow’s technologies. Doing so will make the UK the go-to place for research into the development, manufacture and production of new battery technologies.
The UK’s independent institute for electrochemical energy storage science and technology, the Faraday Institution was established in 2017 as part of the government’s £246 million investment in battery technology through the ISCF Faraday Battery Challenge.
A Critical Need for an Electrified and “United” Kingdom
Battery technology is the future of the automotive industry. And the Faraday Institution wants to ensure that future starts in Britain. Despite recent developments in energy storage, battery technology is still far from its potential. Shortcomings in battery life, power density, and energy efficiency impede the introduction of next-generation batteries to the marketplace.
The high cost of raw materials, materials processing, cell and module packaging, and manufacturing also hold us back. Large scale energy storage is a cornerstone to the Government’s green energy strategy. Science in the UK needs to be up-scaled, so that the UK can stay ahead of the curve and that manufacturers, designers and inventors can be supported.
To meet these challenges, the Faraday Institution aims to unify energy storage research across the UK and set leading university battery researchers to these challenges. The Faraday Institution is investing funds in collaborative research to reduce battery cost, weight, and volume; improve performance, efficiency, and reliability; develop scalable designs; improve our manufacturing abilities; develop whole-life strategies; and accelerate commercialisation.
Energy storage can reduce carbon emissions, increase energy efficiency, and accelerate deployment of renewable electricity on the national grid, lowering energy costs. Safe, efficient, and dependable energy storage could spur changes in transportation, electric power, and buildings.
To be successful, the Faraday Institution will fund excellence competitively, work with industry to solve great challenges, and proceed pragmatically using every tool available.
FARADAY BATTERY CHALLENGE
The Faraday Institution is the research vehicle for the ISCF Faraday Battery Challenge, which comprises a £246m commitment over the next 4 years to develop, design and manufacture world-leading batteries in the UK. The programme is split into three separate elements, delivered in parallel, to provide connectivity across research and innovation strands.
It will fund research, innovation and scale-up facilities for batteries for the electrification of future vehicles and other applications that support an electrified economy. This goal is to lower carbon and help to tackle air pollution while creating new opportunities and industries. By focusing on the automotive sector initially, the challenge will allow the UK to realise its commitment to move to full electrification and zero emissions vehicles.