Business Case for Research Projects in Batteries for Emerging Economies - Afrionics Energy Ltd

  • CLIENT

    The Faraday Institution

  • DATE

    October 2022

  • PROJECT TYPE

    Batteries for energy access

Business Case for Research Projects in Batteries for Emerging Economies

With increasing deployments in solar PV due to falling prices, the main bottleneck to energy access in many emerging economies is now shifting from power generation to energy storage.

By funding research into battery technologies that would offer low cost, high safety, and low maintenance for stationary applications, the Ayrton Challenge on Energy Storage (ACES) aims to address this bottleneck. Working with The Faraday Institution, we helped develop the business case for a three-year funding of £5 million comprising a suite of long-term research projects (3+ years), short industry sprints, a strategy for progressing along the technology readiness level (TRL) path, and a strategy for leveraging the funding through global partners as well as communication and dissemination of outcomes and impacts.