Great Britain launches Faraday Challenge program with huge investment to develop battery technology

According to foreign media reports, the British government announced on July 24th a plan called "Faraday Challenge" (Faraday Challenge), which aims to invest 246 million pounds (about 320 million U.S. dollars) to improve the country's development of battery technology. Expertise.

The project received strong support from the British government. The reason for its inclusion was that the energy efficiency and renewability of batteries would lay the foundation for a low-carbon economy in the UK because batteries can be widely used in automobiles, aircraft, medical equipment, and consumer products. Electronic products or grid storage devices can also be used for academic research in the UK.

The British government spent £2.46 to transform the UK into a global leader in battery design, R&D and manufacturing. The Faraday Challenge is a four-year plan. The first phase of the plan will include a competition to develop the "Battery Institute", which costs nearly 45 million pounds.

The "Faraday Challenge Program" is one of the six core challenges jointly decided by the British government, business and academia. To a certain extent, the plan is a green paper released by the British government in 2017. The positive response of the Building Industry Industrial Strategy (Structure our Industrial Strategy) has been supported by major companies, industry bodies and research institutions, and received more than 1900 written responses.

The Faraday Challenge Program consists of a series of competitions. The winners will receive funds. The competition is divided into three major areas: R&D, innovation and expansion of production scale. The battery research institute belongs to the research field. A large number of competitions will follow in order to promote technological R&D and innovation that are more closely related to the market. Subsequently, a national battery manufacturing R&D facility will be provided to support the expansion and application of technology.