UK funding
Image credit: Suzy Hazelwood - Pexels

UK businesses have the opportunity to apply for between £100,000 and £500,000 in funding to develop technology components capable of increasing the efficiency of local power systems.

The funding, part of a programme by Innovate UK, totals £3 million and will be awarded to technologies that deliver cleaner, cheaper energy services, and contribute to more resilient communities.

Read more stories about funding in the UK here

Projects undertaken by businesses larger than SMME-level must be collaborative. Projects must commence by April 2020, and end by March 2022.

Applications in areas such as the monitoring of gas and electricity hardware and software; the improvement of integration between national and local power grid, and heat network efficiency are amongst the technologies supported.

Other applications include the real-time, multi-site generation optimisation for multiple operators and aggregators, inter-seasonal heating and cold storage, and optimising the integration of electricity, heat and transport and electricity.

The competition opens on 22nd July and applications close on 9thOctober 2019.