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Apply till 25th of July to join the Funding competition for energy supply, storage and demand solutions in UK

The competition aims to help businesses to develop local energy approaches and to develop them at commercial scale, to ensure that local systems can deliver cleaner – but also cheaper – energy supply, storage and demand solutions by the early 2020s

  • May 17, 2018 12:30
  • Author Olya Georgieva
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Source: Pixabay

The UK government has announced a competition worth more than 47 millions Euros in funding for energy supply, storage and demand solutions for local energy systems. The funding will be used to support the design and practical demonstration of new business models which could facilitate and link together energy supply, storage and demand solutions. The demonstrator projects that the Innovate UK competition is seeking to fund should be based in medium or large UK towns, and should fulfil a number of criteria. The competition is now open for applications.

The investment is divided into two parts, with up to 45 million Euros being made available to fund three smart energy system demonstrator projects, while up to 1.7 million Euros has been allocated to financing studies into smarter and more innovative approaches to local energy. The competition aims to help businesses to develop local energy approaches and to develop them at commercial scale, to ensure that local systems can deliver cleaner – but also cheaper – energy supply, storage and demand solutions by the early 2020s, which in turn will support the UK’s economic growth.

Source: Government Europa



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