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£30 Million Fund for Green Energy Launched

Companies wanting to change the way energy is used in the UK are being urged to apply for funding to support their innovative new projects.

A new £30 million programme funded by the Innovation Funding Incentive (IFI) and the Low Carbon Networks (LCN) Fund is now available for applications.

The Energy Innovation Centre which is administering the new programme is working with five of the country's leading energy distribution companies to help identify new services and technologies to enhance the way power is transported, monitored and stored.

The Centre is working together with experts in the gas networks or electricity networks. Any company that has an idea for an environmentally-focused energy project can apply for a share of this new funding pot, to help get their innovation off the ground. Each project’s viability will be assessed by the Centre and an attempt will be made to find where there is a ‘fit’ for that technology. If the proposal is viable, the Centre will work with the applicant to develop a project proposal. Those proposals will then be offered to the energy networks who will decide whether to invest in that product.

Since its launch in 2008 the Energy Innovation Centre has provided business support to over 140 SMEs, start-ups and inventors from the UK and internationally. It is backed by the European Regional Development Fund (ERDF).

Denise Massey, Director of the Energy Innovation Centre, speaking about the new funding programme said:

This is another huge step forward for innovators and businesses that need to accelerate their ideas to market.

"As part of this initiative we will continue to deliver a range of support services, including opportunities to test technologies on high and low voltage power networks and establish relationships with potential customers."

To apply, interested parties should contact the Energy Innovation Centre by calling 0151 347 2433 or emailing enquiries@energyinnovationcentre.com.

Source: energyinnovationcentre.co.uk, 06/02/12

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