£11m boost for ‘energy entrepreneurs’
The latest round of government funding has opened for UK entrepreneurs to turn their green technology ideas into real products and services that drive forward clean growth in UK industry.
The £11 million is available through the Energy Entrepreneurs Fund, which offers up to £1 million for innovations developed by start-ups and SMEs that eliminate carbon emissions in the areas of energy efficiency, power generation and heat and electricity storage.
The fund has awarded £72 million worth of grants since 2012, supporting 156 projects that have leveraged more than £500 million in private investment.
Previous projects funded through the initiative include capturing carbon in factory processes, using ash waste in glassmaking, fan units to redirect warm air from radiators, technology to anchor floating offshore wind turbines, and new solar heating systems.
‘Backing the next generation of innovators’
Energy minister Anne-Marie Trevelyan said: “The UK is famous for its strong entrepreneurial spirit. We want to unleash this talent to drive forward green technologies across the UK, helping the public and businesses cut their carbon footprint.
“The Energy Entrepreneurs Fund is backing the UK’s next generation of inventors and innovators to turn their ideas into reality, with previous successful projects already helping drive down emissions across the country and creating green jobs as we work to build back greener.”
One of the previous successful applicants is Energy Transitions Ltd, a Cardiff company that received nearly £161,000 to develop its ‘Steel Zero System’, which combines stainless steel cladding panels with solar technology so a building’s entire façade can produce clean and efficient heat.
John Blower, CEO Energy Transitions Ltd, said: “The Energy Entrepreneurs Fund acted as a catalyst that enabled us to take forward our Steel Zero solar façade from concept towards market readiness.
“[The] support, both through the Energy Entrepreneurs Fund grant and the associated ‘Incubation Support’, which has assisted us in a range of areas, including branding, licensing and marketing, has had a transformational effect and helped us establish a platform from which we aim to create a global clean technology business.”
Posted under General Interest and Environmental Technologies and Renewable Energy on 24 February 2021