Loughborough company shares £9.4m of Government funding to develop hydrogen storage for vehicles

A technology solutions firm based at Charnwood Business Park is to share in £9.4m of Government funding to develop innovative automotive technology, including hydrogen vehicles and a lithium extraction plant.

Haydale Composite Solutions will receive the cash to develop hydrogen storage for vehicles. Storing hydrogen requires high-strength durable containers for safe operation in vehicles. This project will assess the suitability of Haydale’s promising lightweight, low permeability storage tank, which could help to unlock the pathway to hydrogen propulsion.

Minister for Investment Gerry Grimstone said: “We have set an ambitious target to phase out the sale of new petrol and diesel cars by 2030. To support that it is crucial we invest in research so we can power ahead with the shift to electric vehicles as we build back greener from the pandemic.

“The world leading research announced today showcases the very best of British innovation and it will support all stages of the automotive supply chain to make the switch to electric vehicles – from developing batteries, to exploring how to recycle them.”