Australia-based Talga Resources and its UK subsidiary Talga Technologies recently announced collaboration agreements to commence three UK Government Faraday Challenge battery programs. The execution of formal agreements follows the awarding of the grants under Faraday, a £246 million UK Government commitment over the next four years into battery development for automotive electrification. The initiative will encompass cell manufacture, modules, battery pack design/assembly and vehicle applications, and follows an undertaking by the UK Government to place a ban on new petrol and diesel engines by 2040.
Talga’s participation in the funding program of Innovate UK, the government development body, follows successful tests by Talga of its natural carbon materials and technologies in Li-ion batteries. Talga, together with its consortia partners, secured significant funding support under the ‘Innovation’ aspect of Faraday. Talga will receive a 70% rebate against its eligible costs, including salaries, consumables, equipment and contractor expenses. Talga’s participation in the programs range from 12-24 months and development activities will be led from Talga Technologies Limited in Cambridge UK, utilizing the Company's Swedish high grade graphite and functionalized graphene processed at Talga’s test facility in Germany.