Faraday Battery Challenge
Faraday Battery Challenge is a UKRI-funded public-sector programme that invests in battery technology research, innovation projects, and facilities to build a UK battery industry, serving academic researchers, industrial innovators, and technology developers.
- Company typePublic
- Founded2018
- HeadquartersSwindon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Faraday Battery Challenge does
The Faraday Battery Challenge is a UKRI-funded programme dedicated to accelerating the development of battery technology in the UK. Administered as part of UK Research and Innovation (UKRI) — a non-departmental public body of the UK government established under the Higher Education and Research Act 2017 — the challenge operates as a sub-brand within the broader UKRI portfolio and is delivered in partnership with the Faraday Institution and Innovate UK. The programme invests in research, innovation projects, and facilities aimed at building a competitive UK battery industry, targeting academic researchers, industrial innovators, and technology developers working across the battery value chain.
The programme does not generate revenue in a conventional commercial sense; rather, it functions as a public-sector funding mechanism. Capital is sourced from UK government appropriations, with UKRI investing £8 billion of taxpayers' money annually across all its constituent councils and programmes, of which the Faraday Battery Challenge is one component. Headcount attributed to the programme itself is small (11-50), reflecting its role as a focused funding initiative rather than a stand-alone operating entity. The programme's operating geography is restricted to the United Kingdom, and it serves a distributed base of grant applicants including universities, research institutions, and commercial R&D teams rather than paying customers.
As a sub-brand within UKRI, the Faraday Battery Challenge has no independent legal personality and is not investable in a private-equity or venture-capital sense. It sits alongside nine UKRI constituent councils (AHRC, BBSRC, ESRC, EPSRC, Innovate UK, MRC, NERC, Research England, STFC) and the UK Research Office, none of which are owned by private shareholders. Any commercial exposure to the programme flows indirectly through grant recipients and downstream beneficiaries rather than through direct equity participation.
Faraday Battery Challenge firmographics
Firmographics- Name
- Faraday Battery Challenge
- Legal name
- UK Research and Innovation
- Website
- https://ukri.org
- Company type
- Public
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Faraday Battery Challenge is a UKRI-funded public-sector programme that invests in battery technology research, innovation projects, and facilities to build a UK battery industry, serving academic researchers, industrial innovators, and technology developers.
- Ownership category
- akta.pro rank
Faraday Battery Challenge industry classification
Industry- Product category
- Government Research Funding
- NAICS
- Battery Manufacturing (335910)
- SIC
- Services-Commercial Physical & Biological Research (8731)
- akta.pro primary industry
- Battery Pack Manufacturing & Module Assembly (EUAFABAI)
- akta.pro secondary industry
- Formation, Testing & Quality/Metrology Equipment for Batteries (EUAFABAK)
Keywords
Where Faraday Battery Challenge is headquartered
LocationHeadquarters
- HQ city
- Swindon
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
Faraday Battery Challenge business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Grants and funding disbursements to researchers and institutions, Personnel (programme administration and oversight), Operations (facilities, programme management), Infrastructure (research facilities and equipment)
Faraday Battery Challenge product offering
Product offeringCore offering
The Faraday Battery Challenge is a UKRI-funded programme that invests in research and innovation projects, facilities, and institutions to accelerate the development of battery technology in the UK. It is administered in partnership with the Faraday Institution and Innovate UK, providing coordinated grant funding to support the creation of a UK battery industry spanning materials research, cell development, manufacturing, and recycling.
Differentiator
Problem solved
Functional benefit
Brands
- Faraday Battery Challenge: A UKRI-funded programme to accelerate the development of battery technology in the UK, part of the Faraday Institution
Products and services
- Faraday Battery Challenge Programme A UKRI-funded investment programme that provides grant funding for battery technology research, innovation projects, and research facilities. It is administered in partnership with the Faraday Institution and Innovate UK, targeting UK-based researchers, universities, and businesses working on battery materials, cell development, manufacturing, and recycling.
Companies that use Faraday Battery Challenge
Customer profileIdeal customer profiles1 record
Faraday Battery Challenge technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Faraday Battery Challenge partnerships and signals
Strategic signalRecent moves5 records
Expansion highlights4 records
Faraday Battery Challenge competitors and assessment
Company assessmentDirect peers
- National Renewable Energy Laboratory (NREL): US DOE national laboratory with significant battery testing, characterization, and energy storage research programs. Comparable as a publicly-funded research institution supporting battery innovation in the public interest.
- The Faraday Institution: UK's primary battery research organization, established in 2017, and the operational delivery partner in which the Faraday Battery Challenge programme is embedded. Directly comparable as a UK-focused battery R&D entity with shared mission and overlapping funding mechanisms.
- Innovate UK: Sister UKRI council responsible for business-led innovation funding, and a co-administrator of the Faraday Battery Challenge. Directly comparable as a UK publicly-funded innovation grant body targeting industrial commercialization.
- Argonne National Laboratory: US Department of Energy national laboratory housing the Joint Center for Energy Storage Research (JCESR) and major battery R&D programs. Directly comparable as a publicly-funded institution conducting battery materials and cell research at scale.
- Engineering and Physical Sciences Research Council (EPSRC): UKRI council funding engineering and physical sciences research, including foundational battery research. Comparable as a UK public R&D funding body whose grants the Faraday Battery Challenge helps to co-fund.
Regional players
- German Federal Ministry of Education and Research (BMBF): Germany's federal ministry funding battery research through programs such as the Battery Research Factory. Comparable as a European national government R&D funding body for battery technology, but operating in a different national jurisdiction.
- U.S. Department of Energy - Vehicle Technologies Office: US federal office within the DOE that funds advanced battery R&D and vehicle electrification. Comparable mission to the Faraday Battery Challenge as a publicly-funded national battery R&D programme, but operating in a different geography.
Emerging players
- Fraunhofer Institute for Systems and Innovation Research (ISI): German research institute conducting battery technology analysis, roadmapping, and lifecycle assessment. Comparable as a publicly-funded research organization providing strategic and technical analysis to support battery R&D and policy decisions.
- EIT InnoEnergy: European innovation engine supporting battery and energy storage ventures across the EU, including upstream R&D and downstream commercialization. Comparable as a public-backed European entity funding and accelerating battery innovation through partnerships with industry and academia.
Broad incumbents
- European Battery Alliance (EBA250): EU-wide initiative led by the European Commission to build a competitive European battery value chain. Comparable in mission to the Faraday Battery Challenge in driving battery sector development, but operates at a continental scale through public-private coordination.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Faraday Battery Challenge social profiles
Digital presenceFaraday Battery Challenge financial estimates
Financial estimateRevenue estimate
Valuation estimate
Faraday Battery Challenge leadership team
Management profileNumber of profiles
Faraday Battery Challenge subsidiaries and ownership
Company hierarchySubsidiaries10 records
Faraday Battery Challenge funding detail
Funding detailFunding overview
Funding rounds
Investors
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Faraday Battery Challenge M&A and investment
M&A and investmentM&A
Investments4 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Faraday Battery Challenge
What does Faraday Battery Challenge do?
The Faraday Battery Challenge is a UKRI-funded programme that invests in research and innovation projects, facilities, and institutions to accelerate the development of battery technology in the UK. It is administered in partnership with the Faraday Institution and Innovate UK, providing coordinated grant funding to support the creation of a UK battery industry spanning materials research, cell development, manufacturing, and recycling.
Is Faraday Battery Challenge a public or private company?
Faraday Battery Challenge is a public company. It is classified as state government owned and is currently operating.
When was Faraday Battery Challenge founded?
Faraday Battery Challenge was founded in 2018. It employs 11 to 50 people.
Where is Faraday Battery Challenge based?
Faraday Battery Challenge is headquartered in Swindon, United Kingdom, in the Europe region.
Who are Faraday Battery Challenge's main competitors?
Direct peers on record are National Renewable Energy Laboratory (NREL), The Faraday Institution, Innovate UK, Argonne National Laboratory and Engineering and Physical Sciences Research Council (EPSRC). Regional players are German Federal Ministry of Education and Research (BMBF) and U.S. Department of Energy - Vehicle Technologies Office. Emerging players are Fraunhofer Institute for Systems and Innovation Research (ISI) and EIT InnoEnergy. European Battery Alliance (EBA250) is listed as a broad incumbent.
Does Faraday Battery Challenge have an API?
No public API is recorded for Faraday Battery Challenge.
What industry is Faraday Battery Challenge in?
Faraday Battery Challenge's product category is Government Research Funding. Its primary akta.pro industry code is EUAFABAI, Battery Pack Manufacturing & Module Assembly, with a secondary code of EUAFABAK, Formation, Testing & Quality/Metrology Equipment for Batteries. Its NAICS code is 335910 and its SIC code is 8731.