The UK government has announced £28 million in new funding for energy innovation projects that will help bring down energy costs. The announcement was made by British climate-change minister Nick Hurd as part of the government’s new Business and Energy strategy, which aims to lead to new products, services, and more effective ways of doing business with a lower carbon impact. Under the new investment, up to £9 million will be spent on a competition to reduce the cost of energy storage, including electricity, thermal, and power-to-gas storage and up to £600,000 for feasibility studies for projects that can store energy on a large scale, for use when it’s needed. Up to £7.6 million will be available for advancing energy demand side response technologies that can help both private and public sector organisations reduce energy use in peak times. To reduce the cost of energy for industry, the government will invest around £9 million in a competition for ‘industrial energy efficiency accelerator’. The competition would help to find new ways of improving the energy efficiency of UK industry, helping to develop industry-specific options for a low carbon future.
Scottish Energy News 26th Jan 2016 read more »