smart energy
Image credit: Stock

UK Research and Innovation (UKRI) has launched a £30 million fund aimed at assisting the development of smart energy ideas by innovators and entrepreneurs in the sector.

It is hoped the funding will help kick-start an industry the UK government estimates will be worth billions within the next few years, and create tens of thousands of new jobs in the country.

Projects eligible for inclusion are expected to interact with, and support renewable and sustainable technologies including energy storage, digital infrastructure, e-mobility, energy efficiency, and low-carbon heating. Projects are expected to demonstrate novel smart energy solutions that deliver cost savings, reduce emissions, or optimise services in ways that can be replicated and scaled on a national level.

Energy and Clean Growth Minister Claire Perry said: “A future built on digital, data-driven smart systems will transform the way society interacts with the grid – delivering cheaper, greener and more flexible access to energy for everyone.

“This competition will help to give the UK’s makers and innovators the tools to make this vision a reality, and seize on the business opportunities ahead.”