UK energy entrepreneurs could receive a share of £11 million (€12.5 million) in government funding to turn their ideas into real products and services.
Energy Minister Anne-Marie Trevelyan announced the latest round of the Energy Entrepreneurs Fund (EEF), which seeks to drive forward new technologies across all sectors of UK industry, supporting the UK to eliminate its contribution to climate change by 2050.
The initiative includes innovations that boost energy efficiency in homes, reduce carbon emissions, and develop green transport, as well as sourcing cleaner and greener ways to generate power and heat. The £11 million (€12.5 million) fund will support between 15 and 20 projects, with each successful bidder receiving up to £1 million (€1.14 million).
Previous recipients include CCm Technologies in Swindon, which is working with Walkers Crisps to implement carbon capture technology in its factory processes, and Leeds-based C-Capture, which has developed processes to capture greenhouse gases, including an innovative deployment of its technology at Drax Power Station in North Yorkshire.
“The UK is famous for its strong entrepreneurial spirit,” said Trevelyan. We want to unleash this talent to drive forward green technologies across the UK, helping the public and businesses cut their carbon footprint.
“The EEF is backing the UK’s next generation of inventors and innovators to turn their ideas into reality, with previous successful projects already helping to drive down emissions across the country and creating green jobs as we work to build back greener.”
Tom White, CEO of C-Capture, said: “Innovations in carbon capture technology are vital in helping the UK achieve its net-zero target. EEF enabled C-Capture to further develop and deploy its technology, to demonstrate the performance and cost advantages which will be advantageous to companies seeking to decarbonise their operations.
“The support we have received from the UK Government has been of fundamental importance in developing a technology that has the potential to capture millions of tonnes of CO2 per year.”