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£21 MILLION BOOST FOR CARBON CUTTING TECHNOLOGIES
A total of £21million has been awarded to entrepreneurs to help bring a range of new and innovative low carbon products to market, the Department of Energy and Climate Change (DECC) has announced.
The Energy Entrepreneurs Fund, Energy Storage competitions and Advanced Heat Storage scheme are all designed to spur on innovation in the low carbon sector, helping to support jobs and create export opportunities as well as help the UK meet its carbon targets.
Energy and Climate Change Minister Greg Barker said: "This new investment will give these organisations the boost they need to drive forward the development of a range of innovative low carbon designs, helping cut costs and bring new technologies to market in this sector.
"Innovation is vital for the move towards a low carbon economy and it's great to see so many entrepreneurs rising to the challenge. I wish the winners every success with their projects."
Energy Entrepreneurs Fund 30 projects have been awarded a share of up to £16million under the first phase of DECC's Energy Entrepreneurs Fund.
The funding is part of a £35million fund announced in April 2012, and aims to support energy efficiency technologies such as building control systems, advanced lighting systems and space heating and cooling technologies, alongside power generation and energy storage technologies including fuel cells, biomass boilers and heat pumps.
Winning designs range from smart energy demand controls and innovative waste management solutions, to innovative ideas for installing insulation.
Energy Storage Competitions
16 organisations have been awarded a share of £2 million to help develop innovative storage solutions for energy.
Energy storage systems are designed to store electricity generated at a time of low demand to be used a later time when demand is high.
Such systems have an important part to play in supporting the growth of low carbon technologies but further funding is needed to help drive forward innovation and encourage private sector investment.
The £2million includes £0.5million for 12 organisations to carry out feasibility studies into innovative and diverse energy storage ideas under the under Energy Storage Technology Demonstration Competition.
It also includes £1.5million for 4 winning companies to improve components or materials used for energy storage systems and to develop feasibility studies to explore how storage systems work and how they can be used in the UK electricity network under the Energy Storage Component Research & Feasibility Study Competition.
Advanced Heat Storage
£3million has been awarded to entrepreneurs to carry out feasibility studies and demonstrate designs for innovative compact heat stores in the domestic sector.
Heat storage can play a key role in reducing UK energy system costs by helping balance increased loads on the grid during periods of peak use, but more investment is needed in this area to drive forward innovation and cut costs.
DECC has funded feasibility studies for 15 different designs and following on from this work, has awarded money to test out 9 large scale prototypes. The demonstrations will be completed by the end of March next year.
https://www.gov.uk/government/news/21million-for-carbon-cutting-technologies
Energy and Climate Change Minister Greg Barker said: "This new investment will give these organisations the boost they need to drive forward the development of a range of innovative low carbon designs, helping cut costs and bring new technologies to market in this sector.
"Innovation is vital for the move towards a low carbon economy and it's great to see so many entrepreneurs rising to the challenge. I wish the winners every success with their projects."
Energy Entrepreneurs Fund 30 projects have been awarded a share of up to £16million under the first phase of DECC's Energy Entrepreneurs Fund.
The funding is part of a £35million fund announced in April 2012, and aims to support energy efficiency technologies such as building control systems, advanced lighting systems and space heating and cooling technologies, alongside power generation and energy storage technologies including fuel cells, biomass boilers and heat pumps.
Winning designs range from smart energy demand controls and innovative waste management solutions, to innovative ideas for installing insulation.
Energy Storage Competitions
16 organisations have been awarded a share of £2 million to help develop innovative storage solutions for energy.
Energy storage systems are designed to store electricity generated at a time of low demand to be used a later time when demand is high.
Such systems have an important part to play in supporting the growth of low carbon technologies but further funding is needed to help drive forward innovation and encourage private sector investment.
The £2million includes £0.5million for 12 organisations to carry out feasibility studies into innovative and diverse energy storage ideas under the under Energy Storage Technology Demonstration Competition.
It also includes £1.5million for 4 winning companies to improve components or materials used for energy storage systems and to develop feasibility studies to explore how storage systems work and how they can be used in the UK electricity network under the Energy Storage Component Research & Feasibility Study Competition.
Advanced Heat Storage
£3million has been awarded to entrepreneurs to carry out feasibility studies and demonstrate designs for innovative compact heat stores in the domestic sector.
Heat storage can play a key role in reducing UK energy system costs by helping balance increased loads on the grid during periods of peak use, but more investment is needed in this area to drive forward innovation and cut costs.
DECC has funded feasibility studies for 15 different designs and following on from this work, has awarded money to test out 9 large scale prototypes. The demonstrations will be completed by the end of March next year.
https://www.gov.uk/government/news/21million-for-carbon-cutting-technologies
