The UK government - funded Faraday Institution has allocated £ 55 m ( $ 68 m ) for four , five - year projects aimed at developing next - generation battery technology . The projects will cover four categories : sodium - ion and calcium - ion cathodes , lithium - sulphur technology and electrode manufacturing , and will cover battery applications from electricity generation to electric vehicles . The first, dubbed FutureCat, is being led by the University of Sheffield. Last year , the Faraday Institution awarded £ 42 m to four ongoing projects aiming to enhance current - generation battery technology .
The UK government - funded Faraday Institution has allocated £ 55 m ( $ 68 m ) for four , five - year projects aimed at developing next - generation battery technology . The projects will cover four categories : sodium - ion and calcium - ion cathodes , lithium - sulphur technology and electrode manufacturing , and will cover battery applications from electricity generation to electric vehicles . Last year , the Faraday Institution awarded £ 42 m to four ongoing projects aiming to enhance current - generation battery technology .