The funding will help the start-up to develop mines in south-west England for a domestic supply of lithium compounds, critical for the production of batteries for EVs and renewable energy storage

The measure will enable ProLogium Technology to develop a new generation of solid-state batteries

Lithium is a key component for batteries that power clean energy technologies and is expected to play a critical role in the transition towards a low carbon future

Britain’s sole domestic battery cell manufacturer, AMTE Power, is on the verge of collapse unless it secures a new injection of funds

According to the energy supplier, their ‘Intelligent Octopus Flux’ smart tariff has the potential to offer energy bill cuts of over £450

The funding will be shared between 17 selected projects

UK jobs could be cut to keep the company afloat

They signed an agreement at the UN climate summit in Egypt, with the aim of boosting the green and digital transformation of their economies

The site will reportedly be able to power 100,000 homes with clean energy for two hours

The EV battery maker has bagged investment from Glencore and others to keep the business running