Faraday Battery Challenge

🚀 Exciting News in the EV Battery Sector! 🚀 Did you know that the UK has emerged as the 4th largest recipient of EV battery venture capital investment since 2018, trailing only the US, China, and Sweden? 🌍✨ What’s even more impressive is that the UK has shown one of the strongest growth rates in VC investment in recent years. In fact, for 2023-2024, the UK has moved up to 3rd place! Looking at the number of VC rounds, the UK ranks 2nd globally, showcasing a robust and vibrant investment landscape in the EV battery space. This growth not only reflects investor confidence but also highlights the UK’s pivotal role in driving sustainable technology and innovation. Read the Dealroom report commissioned by the Faraday Battery Challenge to find out more: https://lnkd.in/edEhZYVi #EVBattery #VentureCapital #SustainableTech #Innovation #UKInvestment

Faraday Battery Challenge Success Story: Focusing on the anode, a key component in lithium-ion batteries, has enabled a UK company to find the ‘holy grail’ of battery design: a way of storing more energy with less bulk and weight. Battery materials specialist Nexeon Limited packed up to three times more energy into the same volume of battery by swapping silicon for graphite in a project supported by the Faraday Battery Challenge. The SUNRISE project is an important step towards making electric vehicles more appealing to consumers.  Find out more about SUNRISE and other projects funded by the Faraday Battery Challenge at the link below. https://lnkd.in/eJSpNQsq #faradaybatterychallenge #battery #electricvehicles Nexeon Ltd

🎉 Exciting news from one of our Faraday Battery Challenge projects 🔋 Congratulations to the team at Anaphite for successfully raising £10.4M in their latest funding round. This milestone not only highlights the rapid advancements in battery technology but also reinforces the critical role the Faraday Battery Challenge plays in driving innovation within the UK’s battery industry. Their breakthrough work is paving the way for more sustainable and efficient batteries, helping to power the future of clean energy. A huge well-done to the entire team! #BatteryTechnology #CleanEnergy #FaradayBatteryChallenge #Innovation #EnergyStorage #Sustainability #FundingSuccess https://lnkd.in/eERV_bDk

So many fascinating insights in the Dealroom report, commissioned by UKRI’s Faraday Battery Challenge, delivered by Innovate UK High volumes of EV battery venture capital investment, especially in the UK This all helps us continue to support innovation in the thriving UK EV battery industry Check out the report below for full insights and analysis #FaradayBatteryChallenge #Report #EVBattery #VC

Read The Faraday Institution updated report “UK Electric Vehicle & Battery Production Potential to 2040”? By 2040, a successful, sustainable UK battery and EV manufacturing industry could employ: 🔋170,000 people in EV manufacturing 🔋35,000 people in gigafactories 🔋65,000 people in the battery supply chain   Download report for key insights ➡️ https://lnkd.in/e_u-npR2 𝐆𝐨𝐭 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬? Join us for a briefing and Q&A session. 𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐧𝐨𝐰: https://lnkd.in/e5vubiGc 𝐃𝐚𝐭𝐞 & 𝐓𝐢𝐦𝐞: 2 October, 2-3pm 𝐒𝐩𝐞𝐚𝐤𝐞𝐫𝐬: 🎙️Stephen Gifford, Chief Economist, The Faraday Institution 🎙️Introduction by Tony Harper FREng, Director, #FaradayBatteryChallenge, Innovate UK 🎙️Insights by Lois Warne, Strategic Project Manager, Newcastle University. #EnergyStorage #BatteryCareers #BatteryResearch

🎉 Congratulations to  FluoRok! 🎉 We’re proud to see  FluoRok, one of our Round 6 supported companies, successfully raise £7.7M in their latest funding round. 🚀 Through the Faraday Battery Challenge Innovation Programme, we’ve been able to support FluroRok's R&D and advance the development of HF-free fluorochemical reagents and electrolyte salts for batteries. Their journey exemplifies how strategic support can accelerate groundbreaking innovations in battery technology and contribute to the future of clean energy. Well done to the FluoRok team—we’re excited to see what’s next! 🔋 #BatteryInnovation #FaradayBatteryChallenge #SustainableEnergy #FundingSuccess #CleanTech https://lnkd.in/gmVNUSeZ

Exciting times ahead for the battery industry! 🚀 It was a pleasure for the team at Faraday Battery Challenge to attend the grand opening of the EMR Battery Recycling Facility on Wednesday. This cutting-edge facility represents a major step forward in creating a sustainable future for battery production and disposal. ♻️🔋 The event was not just an opportunity to witness innovation in action but also a reminder of the importance of building a circular economy. We're thrilled to see how recycling technologies like this can help reduce waste and reclaim valuable materials, supporting our shared mission of driving cleaner, greener energy solutions. A huge thank you to the team at ERM for hosting such a visionary event. Looking forward to collaborating on future projects that align with our commitment to sustainability and innovation in the energy storage space! EMR Tony Harper FREng, Ben Walsh, Thomas Bartlett #Sustainability #BatteryRecycling #CleanEnergy #Innovation #CircularEconomy #FaradayBattery

🚀 The Faraday Battery Challenge (FBC) Investment Readiness Programme 2024 launches today   The FBC in partnership with Innovate UK Business Connect, Mountside Ventures and Stronger Stories has selected 18 SMEs in its largest cohort to date!    This 12-week bootcamp includes tailored workshops and one-to-one mentoring to support the development and refinement of investor pitches. Delving into funding strategies will equip SMEs with the confidence to create real change in the battery industry.    👉 Click here to discover more about our cohort of battery innovators: https://lnkd.in/eFB2rf3G #Investment #Innovation #BatteryTechnology #Funding  

🌱 Our Challenge Director, Tony Harper FREng, took to the stage at this year’s Faraday Institute Conference to explore the UK battery ecosystem.    Since the beginning of the Faraday Battery Challenge (FBC) in 2018, UK battery start-ups have risen to be one of the most successful ecosystems in the world. Funding 173 companies, 113 of which are startups, the FBC is a vital resource for encouraging innovation and investment and transforming the UK battery industry.    It is essential to keep up with this momentum and drive change. In fact, the UK government has backed more battery start-ups than any other country!    👉 Want to learn insights from the conference? Follow this link: https://lnkd.in/gnpXrCf7   #BatteryEcosystem #Innovation #Investment #Funding #NetZero 

🔋 Today’s batteries are held back by their inability to fast-charge safely. Although graphite and silicon anodes in batteries allow high energy density cells, it is still unsafe to fast charge them.     Supported by the Faraday Battery Challenge, Echion Technologies has developed a new battery anode material capable of delivering a unique combination of fast-charging, safe, and long cycle life batteries suitable for use in a range of applications.     Echion’s niobium-based anode material, XNO® enables cells to safely perform a full fast charge in 6 minutes, more than 5 times faster than standard Li-ion cells! Advancements like these are transforming our sector, creating safer, more efficient technologies for our everyday components.     Find out more about the project here ➡️ https://lnkd.in/eBx--yxJ  ⬅️     #BatteryIndustry #Safety #Renewables #Energy #Innovation