Up to £11 million is up for grabs in the government’s latest round of the Energy Entrepreneurs Fund, looking to support new clean technologies.
The funding is to go towards 15 to 20 projects, helping to turn ideas into real products and services whilst eliminating carbon emissions. The sorts of projects eligible include those looking to develop green transport, boost energy efficiency in people’s homes, reduce carbon emissions and source cleaner ways to generate power and heat.
Each successful bidder will receive up to £1 million, with the government stating that successful projects having the potential to create hundreds of green jobs and “kickstart millions of pounds worth of private sector investment”.
Since 2012, £72 million worth of grants has been awarded, with 156 projects supported. This in turn has leveraged over £500 million in private investment, the government said.
Previous successful projects include Axis Energy Projects, which received £217,160 to develop an efficient and low-cost way of anchoring floating offshore wind to the seabed, as well as Energy Transitions which received £160,793 to develop the Steel Zero system, combing stainless steel cladding panels with solar technology.
Anne-Marie Trevelyan, energy minister, said the UK is “famous for its strong entrepreneurial spirit”, with the fund backing the UK’s next generation of inventors and innovators.
“We want to unleash this talent to drive forward green technologies across the UK, helping the public and businesses cut their carbon footprint.”