The centre currently supports a global workforce of 100 employees, which will “increase rapidly” throughout 2019.
Faraday Grid is said to have attracted “some of the finest engineers and researchers from around the world” and has benefited from access to top academic institutions and a talent pool across Scotland.
We chose Edinburgh for our first innovation centre because of its rich history of intellectual and scientific achievements...Andrew Scobie, Chief Executive Officer, Faraday Grid
The company recently announced a significant investment by Adam Neumann, co-founder of flexible workspace provider WeWork.
Faraday will also be launching collaborations and partnerships around the world throughout this year, having already announced it will be working with UK Power Networks in London, to demonstrate the role and impact of its technology.
The firm’s exchanger technology is designed to help energy grids make better use of renewable energy, using power-control devices that autonomously balance voltage, frequency and power-factor control.
Speaking at the opening, Scottish energy minister Paul Wheelhouse said: “The Faraday Grid promises to make an important contribution to managing the transition to a low carbon economy in Scotland...”