Tech firm secures funding boost for battery project

A solid-state battery (SSB) technology firm has secured funding for a multimillion-pound project with BMW Group and Williams Advanced Engineering.

Ilika is leading a 24-month, £8.2m Faraday Battery Challenge collaboration programme to integrate high silicon content electrodes into its Goliath solid-state batteries (SSB), in a bid to enable automotive level performance.

The company will receive a grant of £2.8m over the course of the programme – Project HISTORY – which will commence on 1 February 2023.

Ilika plc (LON:IKA) is a pioneer in solid state battery technology enabling solutions for applications in Industrial IoT, MedTech, Electric Vehicles and Consumer Electronics.

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