UK Board Awards Consortium $2M To Develop Electric Car Battery

Sep 14 2009 | 9:19am ET

The UK Technology Strategy Board has awarded a grant of GBP 1.3 million ($2.1 million) to a consortium led by battery making Axeon, and including the engineering firm Ricardo and the niche vehicle manufacturer Allied Vehicles, to develop a lightweight battery for small electric city cars.

The battery, according to a Ricardo statement, will use new cell chemistry that offers higher energy density, and will be lighter, smaller and more efficient than those currently available, with faster charging and a greater range.

Over the next 22 months, Ricardo will develop the battery management system architecture and application software; Axeon will engineer and construct the battery system, perform cell testing for calibration and electronic system integration; and Allied Vehicles will design, build and test the vehicle platform.

RELATED LINK:

Axeon


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of