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.
– Read more on new technology
– New £21 million energy research centre to boost UK low-carbon transition
– Ed’s note: Celebrating your best failure
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: