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UK announces £30 million fund to fuel energy innovation

UK Research and Innovation has issued a call to innovators and entrepreneurs for smart energy ideas that will help to kick start an industry.

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Ideas should integrate new energy technology across heat, power and transport
Ideas should integrate new energy technology across heat, power and transport

UK innovators and entrepreneurs are invited to apply for a share of a £30m fund to advance smart new energy ideas.

 

The funding is from the UK Research and Innovation (UKRI), which anticipates it will help kick-start an industry to be worth billions of pounds by the early 2020s, supporting tens of thousands of new high-value jobs.

 

Smart local energy

 

The “prospering from the energy revolution” challenge fund will support industry, academia, public bodies, and local communities to develop a world-leading, smart local energy systems industry in the UK.

 

“Smart local energy systems can intelligently link supply, storage and use of power, heat and transport in new ways that dramatically improve efficiency and work better for people,” said Rob Saunders, challenge director, prospering from the energy revolution, UKRI.

 

“This competition will seek the very best ideas in British innovation to show how the energy sector of the future will be cleaner and greener and support the jobs and industries of the future.”

 

UKRI is calling for detailed designs for smart, local energy systems that will support energy system solutions that make the best use of cheaper renewables, energy storage, ultra-low emission vehicles, energy efficiency, low carbon heat and digital infrastructure among other technologies.

“A future built on digital, data-driven smart systems will transform the way society interacts with the grid – delivering cheaper, greener and more flexible access to energy for everyone”

 

Projects are expected to demonstrate novel market and business model approaches using smart energy systems. These approaches should integrate new energy technologies across heat, power and transport in a way that is replicable and scalable across the UK.

 

“We are at the start of a smart energy revolution, which will see technology like energy storage, smart appliances and electric vehicles become part of the fabric of everyday life,” added Claire Perry, energy and clean growth minister for the UK government.

 

“A future built on digital, data-driven smart systems will transform the way society interacts with the grid – delivering cheaper, greener and more flexible access to energy for everyone.”

 

The aim of this competition is to create a pipeline of innovative, ambitious, local energy system designs that are investable and ready to roll out across the UK in the 2020s.

 

The UK government is looking to fund a portfolio of projects, across a variety of technologies, markets, technological maturities and research categories.

 

The competition will run until midday on 7 August 2019

 

To find out more about this competition and submit an expression of interest go to here.

 

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