HomeAutomotive newsEvaluating and mitigating risks in investments for new transportation technology

Evaluating and mitigating risks in investments for new transportation technology

Published on

Investing in the Future of Transport: Testing and De-risking New Technology with Jon King, DER-IC Midlands Centre Lead

Testing and de-risking investments in new technology for transport is a crucial step in the transition towards a more sustainable future. With the UK government setting ambitious targets for zero emission vehicles, manufacturers in the transport sector are faced with the challenge of making this transition a reality without significant upfront investment.

One key aspect of this transition is the Power Electronics, Machines and Drives (PEMD) sector, which plays a vital role in the electrification of transport systems. The UK PEMD sector needs to evolve and innovate to meet the demands of low carbon transport while remaining competitive internationally. This evolution comes with cost and risk implications, as well as a scarcity of skilled engineers and technicians.

Fortunately, the UK has a robust research and development landscape through its universities and Research and Technology Organisations (RTOs) such as the Catapults. The Driving the Electric Revolution Industrialisation Centres (DER-IC) network, funded by Innovate UK, provides manufacturers with access to expertise, facilities, and equipment to innovate, commercialize, and scale-up operations in a lower risk and cost-effective manner.

Collaborations within the UK PEMD ecosystem are crucial for de-risking and validating innovations. Projects like the UK-Alumotor project bring together stakeholders to develop sustainable electric motors that meet the future requirements of both UK and international markets.

Having the right equipment and facilities is essential for testing and de-risking new technology for transport. Facilities like the Winding Centre of Excellence at WMG and DER-IC Scotland provide manufacturers with the tools they need to test powertrains for various applications.

Partnership working at DER-IC often leads to new opportunities for manufacturers. Projects like the @FutureBev project have resulted in breakthroughs in technology development and new commercial opportunities for partners.

In conclusion, testing and de-risking investments in new technology for transport is a collaborative effort that requires the right tools, facilities, and expertise. The DER-IC network provides manufacturers with the support they need to innovate, commercialize, and scale-up operations in the PEMD sector. If you’re interested in working together, contact Jon King, DER-IC Midlands Centre Lead, to learn more about how DER-IC can support your manufacturing needs.

Latest articles

Luxurious multi-million euro supercars available for purchase at UK’s Salon Privé motor show

Experience the World's Most Exclusive Supercars at Salon Privé Motor Show If you're a car...

New Electric Vehicle Version of Popular European Car Brand’s Flagship Model Promises to Eliminate Range Anxiety

Citroen Unveils Fully Electric C5 Aircross Model Citroen has recently announced the launch of its...

Evoluto Automobili Triumphs at Monterey Car Week Ahead of London Showcase

Evoluto Automobili Shines at Monterey Car Week and Prepares for UK Showcase Evoluto Automobili Takes...

More like this

Chinese electric cars see increase in popularity following Euro 2024 advertisements

Surge in Interest for Chinese Electric Vehicles Advertised at Euro 2024 Matches The buzz around...

MG Motor UK introduces the All New MG ZS Hybrid+

Introducing the All New MG ZS Hybrid+ - Order Now! Are you in the market...

SODA.Auto introduces SODA V to help automotive OEMs rival Asian competitors

Revolutionizing Automotive Engineering: SODA.Auto Launches SODA V, the World's First All-in-One Tool for Software-Defined...