2023/24 Annual Report
Download the Faraday Institution’s 2023/2024 Annual Report.
Learn more about how the organisation is:
Empowering industry through early-stage commercialisation
- 14 start-ups supported, which now employ 118 people. From a Faraday Institution investment of around £1m, the companies have yielded a 36-fold return in further disclosed funding.
- 52 inventions identified, 20 patents filed and 10 published
- 140+ industrial partners
Driving discovery in application-inspired research
- 10 large-scale research projects
- 1,008 high quality scientific publications with 2,685 authors (41.5% have international partners across 454 institutions, 44 countries and 6 continents)
Informing policy makers through evidence-based insights
- 21 Faraday Insights and 16 reports
- 14 national consultations
Convening a world-class research community
- 500+ battery researchers working across 25 UK universities including 3 in the world’s top 10
- 12 visiting research fellowships from Japan, Chile and Argentina, and 13 Battery Ambassadors from emerging economies increase connectedness with the international battery community
Creating a diverse and dynamic pool of talent
- 100 PhD researchers in a bespoke training programme
- 310+ undergraduate interns (including 35 undergraduate who have
gone on to pursue a PhD in batteries or renewable energy) - 13,500+ young people engaged with through the Fully Charged Battery Box programme
Delivering technologies to help us collectively reach net zero remain some of the most fundamental and urgent science and innovation needs of our time. The Faraday Institution is the focus of the UK’s national effort to support our world-leading research community to conduct battery research to industry-defined goals to ensure the country can fully seize its potential to maximise the societal, economic and environmental impact that energy storage can bring.”
Professor Martin Freer, CEO, Faraday Institution
I am truly honoured to have joined the Faraday Institution community, which, with its partners, is achieving significant progress in translating research priorities into impactful outcomes, not only benefitting the UK but driving meaningful change on a global scale.”
Professor Sir Steven Cowley, Chair, Faraday Institution
Download Part I of the Annual Report (Spreads, Single pages)
Download Executive Summary of Annual Report (Spreads, Single pages)
Part II of the 2023/24 Annual report: Trustees and strategic report and Statement of financial activities (including income and expenditure account) can be downloaded here.