UK government announces investment in electric and hybrid battery research

The UK Government has announced an investment of £9 million (US$14.4 million) with a further £4 million (US$6.3 million) from industry into new Energy Storage R&D Centre which will work to accelerate the development of the next generation of batteries for electric and hybrid vehicles. The Department for Business, Innovation and Skills hopes that the new £13 (US$20.7 million) million centre, which will be based at the University of Warwick, will help the UK to capitalise on the growing electric and hybrid ve
September 7, 2012 Read time: 2 mins
The UK Government has announced an investment of £9 million (US$14.4 million) with a further £4 million (US$6.3 million) from industry into new Energy Storage R&D Centre which will work to accelerate the development of the next generation of batteries for electric and hybrid vehicles.

The Department for Business, Innovation and Skills hopes that the new £13 (US$20.7 million) million centre, which will be based at the University of Warwick, will help the UK to capitalise on the growing electric and hybrid vehicle battery market, which it has been estimated will be worth £250 million (US$ 398.6 million) to the country by 2020.

The centre is the latest move by Government to secure future growth opportunities for the UK’s automotive sector, building on its £400 million (US$637.7 million)commitment over the next four years to supporting electric cars and other ultra-low carbon vehicles.

Business Minister Michael Fallon said: “I’m pleased to announce this joint Government and industry project to develop an energy storage R&D centre at the University of Warwick. It will put the UK in a much stronger, competitive position to capitalise on a growing worldwide market for low carbon vehicles, alongside other world leaders in the field including the United States, Japan and Germany. “

Related Content

  • Lorry levy a success after only four months
    August 15, 2014
    The HGV road user levy has made more than £17 million in the four months since it came into operation, says the UK Department for Transport. More than 618,000 levies have been purchased for over 112,000 vehicles from 76 different countries since the HGV road user levy was introduced in April 2014 – which has produced enough money to patch more than 320,000 potholes on the UK’s roads. Recent evidence shows over 95% of heavy goods vehicle operators are paying the new levy in Great Britain. Roadside chec
    Read More
  • ITS market ‘expected to reach US$24.75 billion by 2017’
    January 10, 2014
    According to the latest research report from research and Markets, the global intelligent transportation system (ITS) market is expected to reach $24.75 billion by 2017 at an estimated CAGR of 12 per cent. North America is seen as a market leader in the ITS market. This report deals with all the driving factors, restraints, and opportunities for the ITS market, which are helpful in identifying trends and key success factors for the industry. The report also profiles companies active in the field of ITS a
    Read More
  • Siemens acquires UK enforcement provider Zenco Systems
    July 2, 2015
    Intelligent traffic systems supplier Siemens has acquired UK traffic enforcement organisation, Zenco Systems. The announcement underlines Siemens’ commitment to the growing traffic enforcement market and follows a number of successful joint technology projects between the two companies in the UK, including deployments in Manchester and London. Zenco Systems was founded in 2006 to provide local authorities with the ability to use CCTV video evidence to enforce traffic contraventions. Following the first d
    Read More
  • Autonomous grocery delivery trials in Greenwich
    June 28, 2017
    The TRL-led GATEway Project, together with Ocado Technology (a division of Ocado, the online-only supermarket) is running the UK’s first trials of an autonomous vehicle around the Berkeley Homes, Royal Arsenal Riverside development in the Royal Borough of Greenwich, London.
    Read More

Highlighted Content