UK unwraps £19m innovation pot
Phase two of Energy Entrepreneurs launches to help drive projects to market
The UK government has unveiled a £19m funding pot to help bring innovative projects in energy efficiency and storage and low-carbon generation to market.
The scheme comes under the second phase of the Energy Entrepreneurs Fund and will target small and medium-sized enterprises in the public and private sector, including start-ups, to a maximum £1m for work completed by 31 March 2015.
The first phase has already awarded £16m since autumn last year. Winners included Yorkshire Water, which developed its facility near Bradford to process blends of sewage sludge by thermal hydrolysis and anaerobic digestion.
Launching phase two during a visit to the plant today, Energy Secretary Edward Davey will say: “This funding will get ideas off the ground and into the market, create new green jobs and help the UK get ahead in the innovation global race.”
DECC expects to open calls for projects every four to six months from now until the coffer has been emptied. Applicants will be expected to demonstrate the potential impact of their project on 2020 and/or 2050 low carbon targets or security of supply; its technical viability; a coherent development plan; value for money; and the size and nature of the business opportunity.
Welcoming the funding drive, Anaerobic Digestion and Biogas Association chief executive Charlotte Morton said: “There is a huge amount of innovation across the AD sector and programmes such as the Energy Entrepreneurs Fund which support this are very welcome. It’s great to see the Secretary of State recognise these benefits by choosing an AD facility to launch the second phase.”
The deadline for the first call of phase two is 12 July and hopefuls must register contact details by 5 July on the Energy Entrepreneurs registration website. Full details of the scheme are available here.
Image: Ed Davey said the scheme would help put the UK ahead of the curve (DECC)