Energy firm to 'revolutionise world power'

Published: 19 June 2019

Setting in Edinburgh three years ago allowed the founders "to take advantage of Scotland’s world-class engineering heritage, have access to leading academic institutions and utilise the talent pool across the country".

The firm has around 200 people across its innovation centres and hubs in Edinburgh, US, Czech Republic, Switzerland and Australia.

It is hailed as the energy revolution that will enable clean, green affordable electricity on a global scale. The physics, engineering, and business experts behind the plan not only paid homage to one of the world's greatest scientists but also raised the bar of achievement by taking his name for the project prompted by blackouts and high cost electricity in Australia.

"At Faraday we're designing the energy system of the future. We believe that our technology as an enabling platform can have a truly transformative global impact," says co-founder Matthew Williams.

Mr Williams and the development team moved from Australia to Scotland to form the firm in 2016, homing in on the academic, scientific and engineering talent base.

The firm has around 200 people across its innovation centres and hubs in Edinburgh, US, Czech Republic, Switzerland and Australia, and by the end of the year estimates there will be about 1,000 specialists in systems design, engineering, innovation and AI as well as non-technical experts on board.

The Faraday Grid has raised approximately £40 million across several funding rounds and earlier this year announced that Adam Neumann, co-founder of global office company WeWork, made a £25m investment in the company. There are plans to undertake another capital raise, also this year...

Full story via The Herald Business News

Share

Latest tweets

follow us @InvestEdinburgh