Think you can create a ground-breaking system which cuts energy use in big buildings or saves on lighting costs?
That’s the question being posed by DECC today as the government department is opening a £16 million fund for low carbon entrepreneurs to develop new ideas.
It’s the first phase of the Entrepreneurs Fund, part of a £35million fund announced earlier this year, which the Government is dishing out to projects which might help it reach its 2020 and 2050 low carbon targets.
Out of the total, £10million is available to support energy efficiency technologies such as building control systems, advanced lighting systems, and space heating and cooling technologies.
The rest is up for grabs for power generation and energy storage technologies including fuel cells, biomass boilers and heat pumps.
Climate Change Minister Greg Barker said: “Low carbon innovation is vital for the growth of our green economy. This investment will help entrepreneurs with novel ideas get designs off the drawing board and into our homes and businesses, helping cut carbon and spur on growth in this exciting market place.”