Would you like £20m for your energy storage innovation?

Are you an innovator looking for a chance to showcase your technology? Well, two new competitions announced by the Government today lets you do just that, with £20 million up […]

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By Priyanka Shrestha

Are you an innovator looking for a chance to showcase your technology? Well, two new competitions announced by the Government today lets you do just that, with £20 million up for grabs.

DECC is calling on innovators across the country to develop new energy storage designs to help cut costs and bring new technologies to market.

Energy storage systems help electricity generated at a time of low demand to be stored and used at a later time when the demand is high. It is expected to play a vital role in supporting the growth of low carbon technologies.

The first competition worth £17 million is an energy storage technology demonstration, which can help firms secure contracts to design and test systems currently in the early stages of development. DECC expects to fund up to 10 project designs and up to three demonstration projects.

Companies can, in addition, bid for a £3 million fund for research and feasibility studies into storage systems and their components. This will include exploring how energy storage systems work and how they can be used in the UK electricity network.

Energy and Climate Change Minister Greg Barker said: “As we move towards a low carbon future, the ability to store energy when we don’t need it, for times when we do will become even more important, helping us balance our electricity network and use more clean green power. This investment will help boost innovation in this area and bring more technologies into this growing market.”

All projects will be judged on the technical specification, value for money and potential for commercialisation and applicants are allowed to bid for cash under both competitions.