£11 million boost for energy entrepreneurs to turn green dreams into reality
Talented energy entrepreneurs have the chance to benefit from a share of £11 million government funding to turn their ideas into real products and services while eliminating carbon emissions.
Energy Minister Anne-Marie Trevelyan has announced the latest round of the Energy Entrepreneurs Fund (EEF), which seeks to drive forward new clean technologies across all sectors of UK industry, supporting the UK to eliminate its contribution to climate change by 2050.
This includes innovations that boost energy efficiency in people’s homes, reduce carbon emissions and develop green transport as well as sourcing cleaner and greener ways to generate power and heat.
The UK’s budding energy entrepreneurs are being urged to bid for the latest £11 million government funding, which will support between 15 and 20 projects, with each successful bidder receiving up to £1 million.
Successful projects could create hundreds of green jobs and kickstart millions-of-pounds-worth of private sector investment across the UK, helping the country to build back greener as we host the COP26 climate summit in Glasgow this November.
Previous recipients of funding include CCm Technologies in Swindon that is working with Walkers Crisps to implement carbon capture innovations in its factory processes, and Leeds-based C-Capture, which has developed processes to capture harmful greenhouse gases, including an innovative deployment of its technology at the Drax power station in North Yorkshire.
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.”
Since 2012, the government’s Energy Entrepreneurs Fund has awarded £72 million worth of grants, supported 156 projects and leveraged more than £500 million in private investment – a figure that is still growing.
Previous low-carbon projects that have reaped the rewards of government grants, include:
- Axis Energy Projects, Aberdeen: received £217,160 to develop an efficient and low-cost method of anchoring floating offshore wind turbines to the seabed that could enable offshore wind technology to be positioned in more remote and deeper parts of the marine environment that are inaccessible to fixed turbines and contributing towards UK commitments to produce 40GW of wind power by 2030
- Energy Transitions Ltd, Cardiff: received £160,793 to develop the Steel Zero system, which combines innovative stainless steel cladding panels with solar energy technology so a building’s entire façade can produce clean and efficient heat for the spaces within
- Glass Technology Services Ltd, Sheffield: received £508,739 to lead a project with 6 partners to revolutionise glassmaking by replacing existing raw materials with ash waste from the biomass energy industry, reducing the high temperatures required in the glass production process and lowering energy requirements, costs and carbon emissions by up to 10%
- Radfan, Newcastle: received £20,250 to develop an innovative fan unit that fixes to the top of any central heating radiator and redirects the flow of warm air horizontally into the room, preventing heat from escaping, keeping people’s rooms warm and helping to lower heating bills
UK Net Zero Business Champion, Andrew Griffith said:
“I am thrilled to welcome the next stage of this excellent scheme, which is harnessing the creativity of British entrepreneurs to protect both the planet and UK industry by large and small innovations alike.
“This is another great step from our government, investing in the jobs of the future and the next generation of UK business who will lead the world in eliminating emissions from industry and driving forward our green industrial revolution.”
The Energy Entrepreneurs Fund (EEF) is a programme funded through the BEIS £1 billion Net Zero Innovation Portfolio.
The EEF supplies innovation grants for small to medium sized enterprises and start-up companies to back the development and demonstration of disruptive technologies whilst also supporting our decarbonisation targets.