UK to establish itself as world leader in battery technology
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In July 2017, the British government set up a special fund to accelerate battery research and production. With £246m in funding over four years, the Faraday Challenge will bring together the leading energy storage specialists in a battery research centre. The virtual institute has a three-pronged remit: research, innovation, and industrialisation of the solutions devised by researchers. The Faraday Challenge fund is part of the United Kingdom’s strategic plan to play a leading role in the fields of electric vehicles and renewable energy.