Climate

Climate Venture: £89 million of Funding to Develop Cutting-Edge New Electric Vehicle Technology

The United Kingdom has solidified its position as a global leader in zero-emissions vehicle technology with the recent announcement of £89 million in funding for 20 pioneering net-zero tech projects. This landmark funding package, awarded through the Advanced Propulsion Centre UK (APC), underscores the nation’s commitment to innovation and sustainability in the automotive sector.

Among the recipients of this funding are projects focused on a diverse range of zero-emission technologies, including hydrogen-powered off-road vehicles, advancements in lithium scale-up capabilities, and revolutionary electric vehicle (EV) battery systems. These initiatives represent a significant step forward in the development of cutting-edge solutions aimed at reducing carbon emissions and promoting sustainable transportation.

The funding allocation encompasses a variety of initiatives aimed at driving innovation and growth within the automotive industry. Four collaborative research and development (R&D) projects will receive support to accelerate the development of zero-emission technology, with a focus on both luxury vehicles and essential workhorse equipment such as excavators.

Notable recipients of collaborative R&D funding include Aston Martin, which is spearheading the development of a luxury battery electric vehicle platform, and Perkins, tasked with creating a net-zero, hydrogen-hybrid integrated power system for off-road vehicles. These projects are expected to not only create and safeguard thousands of jobs but also significantly reduce CO2 emissions over the next decade.

Additionally, £11.3 million has been allocated to 12 UK-based projects through the SuRV (Scale-up Readiness Validation) competition and the APC’s Automotive Transformation Fund (ATF) feasibility studies competition. These projects will support the scaling up of existing technologies and the development of large-scale manufacturing facilities in the UK.

Among the initiatives supported by the SuRV projects are plans for the construction of a lithium scale-up plant in Teesside by Green Lithium and efforts by Ilika Technologies to accelerate the scale-up of solid-state battery technology. The ATF feasibility studies will produce decision-ready business cases for projects focused on large-scale manufacturing, including the establishment of graphite processing plants and innovative mineral processing routes.

The funding provided through the APC not only facilitates the advancement of cutting-edge technologies but also stimulates private investment and supports the UK government’s ambitions to establish a comprehensive supply chain for zero-emission vehicles. As the automotive industry continues to evolve towards sustainability, these initiatives will play a crucial role in driving progress and shaping the future of transportation.

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