Mexico's Ministry of Energy expanded its partnership with the US University of California to improve research and development of energy efficiency technologies.According to a local publication, the Mexican government is investing $10 million towards research and development of energy efficiency technologies and business models to help Mexico sustain the reliability of its grid network.
The Ministry of Energy will distribute the $10 million via the National Council of Science and Technology.
The capital will be directed to research projects under the UC-Mexico programme over a period of four years.
Launched in 2014, the UC-Mexico programme combines researchers from the University of California and researchers from universities in Mexico on research and development of innovative technologies in sectors including energy, environment and health.
The project will focus on improving energy and water efficiency in urban environments and buildings through development and implementation of lighting, smart buildings, smart water and smart grid technologies.
Dr. Alfredo Martinez-Morales, a member of the research faculty of the Center for Environmental Research and Technology, said: “The idea of working more with less can be applied to energy consumption. When these projects have a heavy emphasis on buildings, their focus can be on a variety of concepts from the generation aspect, transmission, distribution, storage to management,”
Energy efficiency technologies
Meanwhile, the European Investment Bank (EIB) and Italy's BPER Banca Group signed a Memorandum of Understanding (MoU) to improve energy efficiency in Italy.
The two banks said they will provide EUR50 million ($53.3 million) for the implementation of energy efficiency programmes by business consumers.
The EIB and the BPER Banca will provide loans for the installation of energy efficient lighting infrastructure, building energy management technologies and district heating, cooling plants and power co-generation plants.
The $53.3 million falls under the Private Finance for Energy Efficiency (PF4EE) and Life programmes developed by the EIB and EU Commission to increase investments in the energy efficiency sector in Europe.
Under the PF4EE and the Life programmes, the EU is planning to raise EUR 1 billion in additional energy efficiency investments. Read more...
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