The British government has made up to £8.8m available to firms that can help smaller companies make better use of smart meter data in order to reduce energy consumption. The non-domestic smart energy management innovation competition aims to help accelerate products and services that enable smarter energy use with minimum interventions.
The focus is on energy management products and services based on data analytics using smart meter data, for smaller non-domestic sites. Its aim is to develop the market for, and maximise the overall uptake and impact of, such products and services, in order to help secure energy demand reduction within target segments of the non-domestic sector.
£7.3m has been set aside for the competition and up to £1.5m for a research and evaluation contractor, although the Department of Business, Energy and Industrial Strategy (BEIS) may allocate less than this depending on the quality of the applications.
BEIS and smart energy management innovation
The competition will be delivered in three main phases :
Phase 1 – Feasibility studies and developing smart meter software/data tools.
A maximum of £1.8 million will be available in total for Phase 1 feasibility studies, with a maximum expected value of £200k per project (or more if proposals cover more than one target segment/strand).
Phase 2 – Initial testing with customer organisations and development/testing of supporting energy advice.
Approximately £50 – 100k per project will be available for initial feasibility testing ( a maximum of £675k will be available in total for Phase 2 ).
Phase 3 – Rollout/further testing of the tools
Along with supporting energy management advice and engagement approaches (a maximum of £4.825m will be available in total for the Phase 3 projects ).
More information on the competition can be found here.