Ilika (LON:IKA), a pioneer in solid-state battery technology and materials innovation, has received an offer of significant grant funding, through the Faraday Battery Challenge Programme, as announced today by the Business Secretary, Greg Clark*.
The Company is the lead partner in the PowerDrive Line project, which is one of 12 innovation projects that have been allocated a total of £22m of grant funding from the government’s Faraday Battery Challenge programme. The Faraday Battery Challenge is part of the government’s Industrial Strategy Challenge Fund, which brings together world-leading research with businesses to take on the major societal and economic challenges of our time.
The PowerDrive Line project underpins the recently announced extension of the Company’s Stereax® solid-state battery roadmap to develop large format cells for the next generation of safer, high-power electric car batteries. In particular, the project will develop a process for manufacturing the batteries at scale and technology for ultra-fast charging. Ilika will establish a pre-pilot line for high power solid-state cells as well as developing the materials supply chain.
