The Faraday Institution is the UK’s independent institute for electrochemical energy storage research, skills development, market analysis, and early-stage commercialisation. It brings together research scientists and industry partners on projects with commercial potential that will reduce battery cost, weight, and volume; improve performance and reliability, and develop whole-life strategies including recycling and reuse.
Established to overcome key industrial challenges in energy storage technology, the Faraday Institution research programme spans nine major research projects in lithium-ion, beyond lithium-ion technologies and battery recycling. Together, these projects bring together 21 UK universities, around 50 industry partners and 450 researchers passionate about leading Britain’s energy future.
The Faraday Battery Challenge is part of the Industrial Strategy Challenge Fund, overseen by the Department for Business, Energy & Industrial Strategy (BEIS), which is designed to ensure that research and innovation take centre stage in the government’s Industrial Strategy. With investment into the Faraday Battery Challenge of £318 million between 2017 and 2022, the challenge aims to support a world-class scientific, technology development and manufacturing scale-up capability for batteries in the UK. The challenge is focused on developing cost-effective, high-performance, durable, safe and recyclable batteries to capture a growing market.