DECC Launches £16M Low Carbon Fund
The Department of Energy and Climate Change (DECC) has announced that the first phase of its £35 million low carbon Energy Entrepreneurs Fund is open to applicants.
DECC are freeing up £6 million of support for innovative power generation and energy storage technologies as well as a further £10 million of support for energy efficient technologies such as building control systems, advanced lighting systems, and space heating and cooling technologies.
The department hopes that the funding will help kick-start the development of various innovative British low carbon technologies. The financial support will help further nascent green technologies towards commercialisation – cutting carbon, supporting UK jobs and the wider economy thanks to increased export opportunities.
Energy and 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.”
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