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25 07 2017 03

The money will fund a series of competitions to boost expertise in battery technology and set up a 'battery institute'

Forget drones, VR or AI, the most important technology that exists today are batteries. If we're to move towards a more connected world, reduce our reliance on fossil fuels and effectively save the planet, batteries are the key technology that will get us there. Sadly, we're still using technology that is more than three decades old.

In a bid to advance this technology, and establish itself as a world leader in battery research, business secretary Greg Clark is set to announce a government investment drive worth £246 million.

This investment will fund a series of competitions, under the Faraday Challenge project, over the next four years designed to boost the research and development of expertise in battery technology.

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