The UK’s government Research and Innovation strategic body Innovate UK, has announced the availability of £4 million in funding to be allocated to UK-based projects that can help decentralise, digitise, and decarbonise the country’s energy future.
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The funding project, titled the Clean Growth Innovation Fund, has been launched in partnership with French utility ENGIE, has called for suitable projects and businesses to apply for project-development funding.
To meet the grant and investment criteria, companies must be small-to-medium sized, UK-based, and projects must include at least one, preferably more, of the following:
- New technologies that innovate distributed energy, e-mobility, energy efficiency, green gas, renewables, sustainable development, energy services, and digitisation.
- Business models which develop distributed energy, green gas, e-mobility, energy efficiency, renewables, digitisation, or system decarbonisation.
- New scientific and technological innovations in sustainability,
- Technologically-enabled innovations that encourage positive consumer and commercial behaviour at scale
- A technology-enabled innovation which encourages positive consumer behaviour and business actions at scale.
- New scientific and technological improvements in the energy, sustainability and clean-tech spaces.
Project costs must be above £100,000, and lower than £1.2 million, although the funding of one project with a total tranche over its development lifetime of £1.5 million may be considered by organisers. Projects also have the option to partner, or collaborate.
Nicola Lovett, CEO of ENGIE UK & Ireland, said: “We are delighted to be working with both Innovate UK and ENGIE’s Paris-based New Ventures team to directly assist innovative UK companies in the clean growth sector – in areas such as renewables, energy services and e-mobility. This initiative also supports our own ambition to be a leader in making zero carbon transition possible for businesses and local authorities.”
Our latest episode of the Energy Transition Technology chat looks at technologies will be playing a greater part in the energy landscape, and software's role in both creating, and sustaining a zero-carbon energy future. Here's the video: