Altilium, Nyobolt, Snapfast and Volklec win UK Faraday funding

Altilium, Nyobolt, Snapfast and Volklec win UK Faraday funding

Altilium, Nyobolt, Snapfast and Volklec win UK Faraday funding 1012 844 Batteries International

May 17, 2024: Innovate UK’s Faraday Battery Challenge announced the winners of  its latest funding round and plans to invest £1.5 million ($1.9 million) in British SME battery developers.

“The funding will be used to develop innovative battery manufacturing, demonstration, scale-up, and recycling projects,” said the vetting body of the Faraday Battery Challenge.

“Projects involve cylindrical and pouch cell technologies and will bring advanced lithium titanate oxide battery technology and a new cathode active material to the UK for the first time.”

The winning companies are given the chance to scale-up their projects at the UK Battery Industrialisation Centre (UKBIC).

The winners were announced at the annual Battery Cells and Systems Expo, at the National Exhibition Centre in Birmingham on May 15.

The successful companies were awarded the funding through the £610 million Faraday Battery Challenge, a research and innovation programme that covers “Lab to Factory” development, research, national scale-up infrastructure, and skills and training.

The winners were:

Altilium: Plans to demonstrate manufacturing of battery cells at scale using sustainable, low-carbon cathode active materials from recycled end-of-life EV batteries from Altilium’s UK-based pilot CAM plant and EV battery recycling innovation centre in Plymouth.

Nyobolt: Is commercializing ultra-fast charging, high power battery technologies for applications ranging from industrial to automotive and heavy duty off-highway. Nyobolt says it will  build on experience gained during previous activity at UKBIC to optimize the quality and speed of manufacturing Nyobolt’s electrode material at giga-scale.

Snapfast  & Grinergy from South Korea: Plan to transfer advanced LTO technology for pouch cell manufacturing to the UK. LTO batteries are long lasting, with up to 90% of the batteries recycled, do not suffer from thermal runaway, and are stable across a wide range of temperatures (-30°C to 60°C).

Volklec: Plans to develop and manufacture a 21700 cylindrical battery cells for the UK’s automotive market, in particular small volume and/ niche vehicle manufacturers. The cell development includes the introduction of a new CAM to the UK.

Tony Harper, challenge director for the Faraday Battery Challenge said: “These projects represent a great combination of outstanding home-grown solutions and the selective commercialization of technology and materials from overseas where it benefits the UK.”