Research and development into low carbon energy technologies is set to receive a boost through a £10 million investment by the Government-sponsored Technology Strategy Board.
With many countries moving towards a lower carbon economy, the Technology Strategy Board is keen to encourage the development of innovations that will both contribute to the UK's carbon-reduction targets and position UK companies to take advantage of increasing global demand for low carbon energy technologies.
The £10 million investment will fund highly innovative research and development in areas such as intelligent grid integration and management, carbon abatement technologies, hydrogen & fuel cells, microgeneration & photovoltaics and bioenergy. The investments will help to fund winning projects, which will involve businesses working collaboratively with other businesses or with research organisations and academic institutions.
The Technology Strategy Board's Low Carbon Energy Technologies competition will help to accelerate the development of new technologies, bringing them quickly into use in the UK and around the world.
Explaining the background to the competition, Technology Strategy Board Chief Executive Iain Gray said "The challenge of moving towards a lower carbon economy, using a mix of technologies and energy sources, requires us to develop a variety of low carbon energy technologies for the electricity, heat and transport markets."
"The Technology Strategy Board is committed to stimulating the development and deployment of technologies which, while contributing to the UK's climate change and energy security goals, also represent major business opportunities for the UK. New markets are being created in low carbon energy technologies and this brings significant potential for wealth creation in the UK."
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