It will be interesting to see what transpires in this budget announcement in a couple of days. Of course it is great to see innovation incentivised and funded, something the UK has been historically good at. Sadly it has always also been historically bad and commercialising innovation or deploying existing and proven clean technologies. More than this funding, a few simple cost free tweaks to legislation for energy storage, the removal of double charging for example, would have a far quicker and more significant impact.
The UK may lag behind battery manufacturing countries like China and the US, but its reputation as an innovator of the technology is well known. And now, the UK’s government is set to back the industry when its chancellor sets aside money in the next budget for research into the technology. Great Briatain's Chancellor, Philip Hammond, is expected to outline plans in Wednesday’s UK Budget to make millions of pounds available to scientists and researchers of batteries for electric vehicle applications. The sector is set to receive a slice of the £500million from the National Productivity Investment Fund (NPIF). The fund was created last year to help UK companies to drive innovation of new technologies.