Technology Strategy Board Awards £1m to Battery Development Consortium
Nearly £1 million of funding has been awarded by the Technology Strategy Board, a government established public body, to a consortium led by advanced battery manufacturer Axeon. The partners, who will match the funding, state they are developing new battery chemistries that will deliver high energy densities, thus making them ideal for use in plug-in electric vehicles (PHEVs). The £2 million project aims to accelerate the introduction of next-generation batteries that offer higher energy density combined with lower cost. It will, says Axeon, take advanced battery chemistry out of the research laboratory and into a real-world prototype PHEV application and help to consolidate the UK’s position as a strategic centre for battery development.