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Davey announces £19m funding for energy entrepreneurs

Posted on 13 June 2013

Entrepreneurs with innovative ideas and products in energy
efficiency, storage and low carbon generation are being invited by the
Department of Energy and Climate Change (Decc) to apply for a share of
£19m of funding.

The cash comes from the second phase of the Energy Entrepreneurs
Fund, which has already allocated £16m since autumn 2012 to help bring a
range of new and innovative low carbon products to market.

The previous phase
funded projects including energy storage, heat storage, tidal turbine
testing, a thermally-insulating window and an ‘Eco power shower’.

The scheme seeks the best ideas from the public and private sector.
It particularly aims to assist small and medium sized enterprises,
including start-ups.

Energy secretary Ed Davey is today visiting one of the previous
winners, Yorkshire Water near Bradford, where he said: “We’re on the
side of innovative businesses and individuals with drive, passion, ideas
and entrepreneurial spirit.

“This funding will get ideas off the ground and into the market,
create new green jobs, and help the UK get ahead in the innovation
global race. An ambitious and driven small business sector can steer the
economic recovery in the right direction. So I want to see Britain’s
brightest and best SMEs sending in their applications.”

In Bradford, Davey is viewing Yorkshire Water's facility to process
blends of sewage sludge by thermal hydrolysis and anaerobic digestion,
and he will learn about the ATC gasification process, developed by
Yorkshire Water and their technical partners Intervate.

The process uses sewage sludge with other waste feedstocks such as
low grade waste wood and refuse-derived fuels to produce renewable
electricity and heat. The project received £1m of funding in Phase One
of the Energy Entrepreneurs Fund.

Those companies that are selected for the current round of awards
will receive additional funding for incubation support. The grants will
support projects up to a maximum value of £1m for work to be completed
by 31 March 2015.

During the application process, applicants will be expected to
demonstrate a robust, evidence-based case for funding, that will
include: the potential impact of the innovation on 2020 and/or 2050
carbon reduction targets, or security of supply; the technical viability
of their ideas; a coherent development plan to bring them to market;
value for money; and the size and nature of the business opportunity.

Decc expects to open further calls for projects every four to six
months from June 2013, until the full funding has been allocated.

The deadline for the first call for applications within this second phase is 12 July. Details of the competition are here.

 

Source: Link2Portal