Jan 25 (Renewables Now) - The UK government's Department for Business, Energy and Industrial Strategy (BEIS) today announced GBP 28 million (USD 35.1m/EUR 32.7m) in funding for energy innovation projects.
Up to GBP 1.3 million will be invested in a new offshore wind innovation hub, which will "bring industry together to innovate and reduce the cost of energy from offshore wind." The hub will be delivered by the Offshore Renewables Catapult and the Knowledge Transfer Network. Its first programme will be the Offshore Wind Innovation Exchange, which will match industry challenges with innovative solutions adopted from other sectors.
The funding will also support smart systems and industrial energy reduction. Up to GBP 9 million will be spent on a competition to reduce the cost of energy storage, including electricity storage, thermal storage and power-to-gas technologies. There will be a further up to GBP 600,000 to support feasibility studies for projects that can store energy on a large scale.
Up to GBP 7.6 million will be available for advancing energy demand side response technologies and around GBP 9 million will be invested in a competition for "industrial energy efficiency accelerator."
The spending is part of the government's commitment to double support for energy innovation, up to GBP 400 million per year in 2021. It is also designed to help drive affordable energy and clean growth in line with the pledges in the government's recently released Industrial Strategy green paper.
(GBP 1.0 = USD 1.252/EUR 1.168)