London, U.K. --- (METERING.COM) --- May 10, 2013 - The Department of Energy and Climate Change (DECC) has awarded £21 million to entrepreneurs to help bring a range of new and innovative smart energy and other low carbon products to market.
30 projects have been awarded a share of up to £16 million under the first phase of the Energy Entrepreneurs Fund. The £35 million fund, which was announced in April 2012, 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.
16 organizations have been awarded a total of £2 million to help develop innovative storage solutions for energy. This includes:
- £0.5 million for 12 organizations to carry out feasibility studies into innovative and diverse energy storage ideas under the Energy Storage Technology Demonstration Competition
- £1.5 million for 4 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 U.K. electricity network under the Energy Storage Component Research & Feasibility Study Competition.
£3 million has been awarded for feasibility studies and to demonstrate designs for innovative compact heat stores in the domestic sector under the Advanced Heat Storage scheme. Feasibility studies were funded for 15 different designs and following on from this work nine have been selected for further funding to test out large scale prototypes. These demonstrations will be completed by the end of March next year.
“This new investment will give these organizations 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,” said Energy and Climate Change Minister Greg Barker. “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.”
The second phase of the Energy Entrepreneurs Fund will be launched soon, with the remaining funding available.
Applications from the second round of the Energy Storage Component Research & Feasibility Study Competition are currently being assessed and DECC will announce the winners later this year.