UK spurs entrepreneurs with £2m handout

The UK Department of Energy and Climate Change has awarded 16 organisations a share of GBP£2m to help develop innovative storage solutions for energy. The money includes £500,000 for 12 organisations to carry out feasibility studies into innovative and diverse energy storage ideas under the Energy Storage Technology Demonstration Competition.

It also includes £1.5m for four companies to improve components or materials and develop feasibility studies to explore how systems can be used in the electricity network under the Energy Storage Component Research & Feasibility Study Competition.

UK puts £17m into energy storage competition

Recently under attack by industry insiders for doing little or nothing to support energy storage for the UK grid, David Cameron’s government has just announced a measure to stimulate the development of early-stage ideas that could result in grid-scale energy storage. Split into two phases, the Energy Storage Technology Demonstration Competition will first provide up to GBP£40,000 to develop each promising idea.

It will then award contracts worth from £500,000 to £12m for up to 10 different projects that can demonstrate a genuine cost benefit. The UK Department of Energy and Climate Change, which is running the competition, says any technology would be eligible for consideration. The deadline for receipt of applications is noon on 13 December 2012.

UK£20m earmarked for Imperial College research areas

27 September 2012

The UK government is stumping up £20m for two soon-to-be-announced energy storage competitions after a study by Imperial College, London, concluded the areas they will cover could deliver a payback of £10bn a year, according to a report on the Environmental Data Interactive Exchange.

Potential applicants can already register interest in the competitions, one of which will focus on energy storage technology demonstrations, while the other will centre on component research and feasibility studies.