January 16 (SeeNews) - Innovate UK is today opening a competition, offering up to GBP 15 million (USD 18.2m/EUR 17.1m) in funding for the development of innovative solutions in infrastructure systems.
The areas where the UK's innovation agency will fund projects include offshore wind and smart energy.
With respect to offshore wind, it is seeking to back innovations that would substantially reduce the cost of energy from this renewable source. It is also looking for innovations in matching changing energy supply and demand at local, regional or national level. Projects might include time-shifting methods such as storage or advanced management and optimisation of multiple energy supply and demand sources, the agency said. This is not confined to electricity, rather ideas "across energy vectors" are encouraged.
Other priority areas include nuclear fission, connected transport and urban living. Eligible project costs are expected to range between GBP 25,000 and GBP 5 million.
The deadline for registrations is March 15 and for applications March 22.
(GBP 1.0 = USD 1.211/EUR 1.142)