The Department for Business, Energy & Industrial Strategy (BEIS) have today announced a £92 million fund, part of the Government’s £1 billion Net Zero Innovation Portfolio, to help develop the next generation of technologies that will help the UK transition to net-zero.
Green innovators are being urged to bid for the funding, being awarded via ‘innovation competitions’, based on 3 key areas:
Of the £92 million government investment, £68 million will further the development of energy storage technologies to support a future renewable energy system. These new innovations will accelerate the commercialisation of a first-of-a-kind storage that can hold energy from wind turbines and solar panels, as well as heat, over long periods of time, including months and years, until it is needed by consumers.
Energy storage is expected to be one of the key components in a smarter, more flexible low-carbon energy system which can maximise the use of renewable generation.
Floating offshore wind
£20 million funding will power innovation that unlocks the full potential of floating offshore wind technology around the UK coastline, allowing turbines to be situated in areas where it is too deep for them to be embedded on the seafloor. These tend to be locations where wind strengths are stronger and more consistent as they are further out to sea.
Innovative technologies could include advancing vital components such as dynamic high voltage cable systems, moorings for challenging seabed conditions and foundations.
Sustainably sourced biomass
Biomass projects will benefit from £4 million government investment aimed at increasing the production of sustainably sourced biomass in the UK – supporting local economies and regional growth, as well as creating jobs in rural areas.
Biomass is a key component for the UK to achieve its decarbonisation commitments, with the Climate Change Committee stating that sustainable biomass can play a significant role in meeting long-term climate targets.
New innovations will help scale up sustainably sourced biomass feedstocks and the production of energy crops, as well as helping to achieve improvements in yields, cost reductions and profitability.
Energy Minister Anne-Marie Trevelyan said:
“The UK’s energy innovators have been vital to us becoming a world-leader in clean green technology, helping us to go further and faster as we tackle climate change.
“This funding will allow us to develop new ways of unlocking the potential for green energy as we continue making big strides towards our goal of eradicating our contribution to climate change by 2050.”
The Energy Storage Innovation competition will formally open to bids in Spring 2021, but Expressions of Interest can be lodged here.
The Floating Offshore Wind Innovation competition will formally open to bids in Spring 2021, but Expressions of Interest can be lodged here.
The biomass feedstocks Innovation competition is now open to applications here.