The global market for energy storage (such as batteries, thermal storage, conversion from one to the other; compressed air/pumped hydro storage) now exceeds £100bn per annum. The UK energy industries accounts for 4% of GDP and is particularly strong in next generation battery technologies. The UK also has an excellent reputation and research expertise in materials and energy.
How can the MTC help?
The MTC has a number of areas of interest including:
- Shortening the cycle times for materials development and validation
- Materials substitution for cost reduction
- Higher performance of materials in harsher environments
- Improved reliability, properties; increased service lifetime
- Integration of materials with design and manufacturability
Furthermore the MTC is working alongside a group of six Midlands universities, including the University of Birmingham and Aston University, to develop the next generation of ‘cold power’ technologies to help save millions of pounds in carbon fuels every year. Backed by £20m funding from the Government’s Thermal Energy Research Accelerator (T-ERA), the consortium has already made advancements in delivering liquid nitrogen engines aimed at the world’s food and medical transporters and are now looking at ways in which this solution can be used to replace inefficient air conditioning units.