£7.5m fund to manage energy on ships open

A £7.5 million fund aimed at boosting energy efficiency at sea is now open for bids. It is part of the Managing Energy on Marine Vessels competition, which is run by […]

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By Priyanka Shrestha

A £7.5 million fund aimed at boosting energy efficiency at sea is now open for bids.

It is part of the Managing Energy on Marine Vessels competition, which is run by Innovate UK and partly funded by the Defence Science and Technology Laboratory.

Projects are expected to range between £500,000 and £1.5 million.

David Elson, Lead Technologist at Innovate UK said: “Energy efficiency is one of the biggest challenges facing industry today, on land or sea.

“I hope this competition encourages businesses already working in this area to see the potential for growth in the marine sector and develop new and exciting innovations in the process.”

Registration closes on 4th March 2015.