Integrals Power’s recent receipt of grant funding from the Advanced Propulsion Centre UK
IPL signed a Joint Development Agreement (“JDA”) with First Phosphate Corp (CSE: PHOS)
2nd February 2024
Chancellor Jeremy Hunt and the HM Treasury have announced a substantial investment package of £360 million in the United Kingdom’s life sciences and manufacturing sectors. This announcement emphasizes Integrals Power’s recent receipt of grant funding from the Advanced Propulsion Centre UK. This significant funding enables Integrals Power to expedite the development and scaling up of their high-performance battery cathode materials (LFP, LFMP) beyond the pilot line and initiate pre-commercialisation activities.
The investment package, showcases the UK government’s commitment to fostering growth and innovation in many sectors including battery. This investment will not only support the development of cutting-edge technologies but also create new job opportunities and promote the growth of domestic industries.
Integrals Power’s receipt of grant funding from the Advanced Propulsion Centre UK marks an important milestone for the company. This funding allows Integrals Power to accelerate the development and scaling up of their high-performance battery cathode materials, specifically LFP (Lithium Iron Phosphate) and LFMP (Lithium Iron Manganese Phosphate). These materials are essential for manufacturing high-capacity, high-performance batteries, which are in high demand for various applications, including electric vehicles, energy storage systems, and consumer electronics.
By exceeding the pilot line stage, Integrals Power will be able to further optimise the production process and ensure the quality of their cathode materials. This, in turn, will lead to the development of more efficient and reliable battery materials. The commencement of pre-commercialisation activities will also contribute to the company’s efforts in bringing their innovative products to market more quickly and efficiently.
The Advanced Propulsion Centre UK, which provided the grant funding, is a partnership between the UK government and the automotive industry. The centre is dedicated to supporting the development, validation, and commercialisation of innovative propulsion technologies that reduce CO2 emissions and improve fuel efficiency. This funding demonstrates the centre’s confidence in Integrals Power’s technology and its potential to make a significant impact on the global transition toward cleaner, more sustainable energy sources.
