A consortium dominated by the golden triangle of universities has won £65 million from the Industrial Strategy Challenge Fund to set up the Faraday Batteries Research Institute.
The winning institutions are Imperial College London, Newcastle University, University College London, and the universities of Oxford, Cambridge and Warwick, with Oxford taking the lead. The winners were announced by business secretary Greg Clark in his keynote speech at the Conservative Party conference on 2 October.
“The Faraday Battery Institute will have a critical role in fostering innovative research collaboration between our world-leading universities and world-beating businesses to make this technology more accessible and more affordable,” Clark said.
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