The Government has awarded £21m of funding to help bring a range of new and innovative low carbon products to market, the Department of Energy and Climate Change (DECC) has announced, writes Edie.net.
Split into three sections – the Energy Entrepreneurs Fund, Energy Storage competitions and Advanced Heat Storage scheme – the funding is designed to spur on innovation in the low carbon sector, helping to support jobs and create export opportunities.
Energy and Climate Change Minister Greg Barker said: “This new investment will give these organisations the boost they need to drive forward the development of a range of innovative low carbon designs, helping cut costs and bring new technologies to market in this sector.
“Innovation is vital for the move towards a low carbon economy and it’s great to see so many entrepreneurs rising to the challenge.”
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