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08/05/2013
£21m For Low-Carbon Product Development
The UK government has awarded £21m to entrepreneurs to help develop new low-carbon products.
£16m has been awarded under the Energy Entrepreneurs Fund, £2m under the first phase of Energy Storage competitions and £3m for Advanced Heat Storage.
All three schemes are designed to encourage innovation in the low carbon sector.
30 projects have been awarded a share of up to £16m under the first phase of the Department of Energy and Climate Change's (DECC) Energy Entrepreneurs Fund.
This is part of a £35m fund announced in April 2012 that aims to support energy efficiency technologies.
16 organisations will receive a share of £2m to help develop innovative storage solutions for energy.
£3m has been awarded to entrepreneurs to carry out feasibility studies and demonstrate designs for compact heat stores in the domestic sector.
Energy and Climate Change Minister Greg Barker said: "This new investment will give these organisations the boost they need to drive forward the development of a range of innovative low carbon designs, helping cut costs and bring new technologies to market in this sector.
"Innovation is vital for the move towards a low carbon economy and it’s great to see so many entrepreneurs rising to the challenge. I wish the winners every success with their projects."
(IT/CD)
£16m has been awarded under the Energy Entrepreneurs Fund, £2m under the first phase of Energy Storage competitions and £3m for Advanced Heat Storage.
All three schemes are designed to encourage innovation in the low carbon sector.
30 projects have been awarded a share of up to £16m under the first phase of the Department of Energy and Climate Change's (DECC) Energy Entrepreneurs Fund.
This is part of a £35m fund announced in April 2012 that aims to support energy efficiency technologies.
16 organisations will receive a share of £2m to help develop innovative storage solutions for energy.
£3m has been awarded to entrepreneurs to carry out feasibility studies and demonstrate designs for compact heat stores in the domestic sector.
Energy and Climate Change Minister Greg Barker said: "This new investment will give these organisations the boost they need to drive forward the development of a range of innovative low carbon designs, helping cut costs and bring new technologies to market in this sector.
"Innovation is vital for the move towards a low carbon economy and it’s great to see so many entrepreneurs rising to the challenge. I wish the winners every success with their projects."
(IT/CD)
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