Business Secretary Greg Clark has announced the consortium of seven UK universities that will form the Faraday Battery Institute, a new £65 million research institute responsible for building the UK’s status as a global leader in battery research and technology.
The universities forming the institute are:
- Imperial College London
- Newcastle University
- University College London
- University of Cambridge
- University of Oxford
- University of Southampton
- University of Warwick
The Institute will invest an initial £13.7 million to set up a headquarters.
The Business Secretary confirmed in July that the government would be making an investment of £246 million, over four years, in the Faraday Research Challenge. It is divided into three streams – research, innovation and scale-up – designed to drive a step-change in transforming the UK’s world-leading research into market-ready technologies.