Energy entrepreneurs to get the chance to turn their green technology ideas into reality thanks to government funding
Next generation energy innovators will receive a £24 million cash boost to develop new technologies that will decarbonise UK industry, build home-grown energy supplies and help prepare the country for a net zero future.
Thirty-seven British companies, including small and medium sized enterprises and start-ups, will get a share of the £19 million Energy Entrepreneurs Fund.
The money will drive forward their innovations to reduce carbon emissions, develop clean energy and improve energy efficiency in people’s homes.
The UK-wide projects will allow industry to play its part in helping the country meet its 2050 net zero target by delivering decarbonisation solutions, as well as potentially creating hundreds of green jobs and triggering private sector investment worth millions. The winning projects include:
Secretary of State for the Department for Energy Security & Net Zero, Grant Shapps said:
Also announced today, the government will launch a £5 million Local Industrial Decarbonation Plans competition this summer. The competition will support groups of industrial businesses such as glass, cement and ceramics manufacturers, join together in ‘clusters’. Along with other key stakeholders including local authorities and Local Enterprise Partnerships (LEPs), these ‘local industrial clusters’ will develop coordinated and collaborative decarbonisation plans that will kickstart their journey towards a low-carbon future.
The Local Industrial Decarbonation Plans competition will take a similar approach to how existing clusters like Teesside and Black Country are tackling industrial carbon emissions. Representing a major step forward in helping dispersed industrial sites begin their journey to decarbonise in the 2020s, this builds on one of the key commitments the government set out in their Net Zero Strategy. Winners are set to be announced in later in 2023, and further detail about the competition will follow in the spring.
The Energy Entrepreneurs Fund and Local Industrial Decarbonisation Plans competition will not only help to supercharge the UK’s move to domestic renewable energy – they also form part of the government’s wider plans to bring down the cost of energy by enabling the development of green global solutions of the future.
Bruce Cardo, Director of Clearwell Technology said:
James Thomas, CEO of Jet Engineering System Solutions, said:
Notes to Editors