Innovate UK has just opened the latest round of the Energy Catalyst competition offering £14 million in funding to back solutions which will help reduce emissions, improve security of supply and reduce cost.
The funding will be made available via the Energy Catalyst set up by the UK Government's innovation agency Innovate UK, the Engineering and Physical Sciences Research Council and the Department of Energy and Climate Change.
There are three categories of funding - technical feasibility, technology development and pre-commercial technology validation.
The competition is open for applications and this round of funding closes on 29 April 2015. Organisations can apply for any stage of funding at any time, depending on where in the development cycle their technology sits.
Early-stage projects must be led by an SME either working alone or collaboratively or by a research organisation collaborating with a business. Mid-stage and late-stage projects must be business-led and collaborative. Total project costs can be up to £300k for early-stage awards, up to £3m for mid-stage awards, and up to £10m for late-stage awards.
The UK has a legally-binding obligation to ensure that 15% of its total energy must come from renewable sources by 2020. The statutory requirement also stipulates that UK greenhouse gas emissions must be reduced by 34% by 2020 and 80% by 2050 (based on 1990 levels).
Click here for more information about the competition and how to apply for funding.
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