The Department for Business, Energy, and Industrial Strategy (BEIS) announced up to £9.6 million of funding for the development of the UK energy storage industry last Wednesday. This will include competition funding for reducing the costs and for feasibility studies for large scale storage projects.
In addition, up to £7.6 million will be available for advancing demand-side response technologies and up to £9 million for an “industrial energy efficiency accelerator”. These all form part of the UK Government’s Energy Innovation Programme, 2016 – 2021, implementing the UK’s commitment to the COP21 climate change conference in Paris, when the UK joined Mission Innovation. This global initiative aims to accelerate clean energy investment and innovation, providing reliable and affordable energy for all.
This comes soon after the department opened consultation on their Green Paper on “Building our Industrial Strategy”. The consultation will close on Monday the 17th April 2017 at 11:45 pm. Find out more about this consultation.
There are two opportunities to apply for the £9 million energy storage cost reduction competition:
- Tranche 1 – Register by Thursday 16th March 2017; applications close at 17:00 on Thursday 23rd March 2017; and
- Tranche 2 – Register by Thursday 1st June 2017; applications close at 17:00 on Thursday 8th June 2017.
To apply for the energy storage feasibility study competition:
Register by Thursday 27th April 2017; applications close at 17:00 on Thursday 4th May 2017.