London, U.K. — (METERING.COM) — September 6, 2012 – Britain’s government has announced the creation of a new ‘U.K. Energy Storage R&D Center’ for the advancement of electric and hybrid vehicle batteries.
The center will be co-funded by government (£9 million) and industry (£4 million). It is aimed to capitalize on the growing electric and hybrid vehicle battery market, which has been estimated to be worth £250 million for the U.K. by 2020.
“I’m pleased to announce this joint government and industry project to develop an energy storage R&D center,” said Business Minister Michael Fallon. “It will put the U.K. in a much stronger, competitive position to capitalize on a growing worldwide market for low carbon vehicles, alongside other world leaders in the field including the United States, Japan and Germany.”
The center is expected to help accelerate the development of battery cells for the next generation of vehicles. It will be based within the new High Value Manufacturing Catapult at the University of Warwick, where it will build on an established research base in electrochemistry. It will focus on the development of a new generation of high performance batteries for electric and hybrid vehicles designed to be more economic and stable, yet boast higher energy density levels than those currently available on the market.
The center will focus on the immediate priority of batteries for the low and ultra low carbon vehicles, but it will have the potential to extend to storage for other transport applications including commercial and off-road vehicles, rail and marine, and to other technologies such as fuel cells.