New, £25m Energy Catalyst fund available to support technology innovation in UK Energy sector
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A new Energy Catalyst fund of £25 million will provide investment and support UK universities and businesses to advance the best concepts and innovative technologies in the energy sector.
The fund will support business-led projects which develop innovative solutions to the energy trilemma of reduced carbon emissions, security of supply and affordability. Technology innovation will help transform UK energy technology and create global markets for businesses.
The Catalyst is funded by the Technology Strategy Board, the Engineering and Physical Sciences Research Council (EPSRC) and the Department of Energy and Climate Change (DECC).
Projects will be funded at any stage of their development, from evaluating the technical potential of an idea, to technology development, or at a late stage where projects are at prototype pre-commercial stage.
These projects can be based upon innovation that incorporates:
- New technologies
- Enhancement of existing technologies
- Components, sub-systems or systems
- Integrated whole system approaches
- Enabling technologies for the energy system.
The Energy Catalyst will fund the best concepts and innovative technologies, regardless of source, though they must be collaborative and include businesses.
The Energy Catalyst will be open to applicants for funding from 19 May 2014. More details of the range of catalyst programmes can be found on the Technology Strategy Board website.
Reference: PN 29-14