UK announces £116m to develop technologies that tackle climate change
Image credit: reuters
The UK government has announced £116m in funding to boost green technologies that will help cut carbon emissions and lower utility bills.
The technology receiving funding includes the use of absorbents that can capture CO2 directly from the air and replacing diesel engines in boats with hydrogen power.
Other projects will see the development of new technologies to increase energy efficiency in homes and buildings, reduce carbon emissions, boost the UK’s energy security and provide cleaner ways to generate power and heat.
The government also hopes the money will help to generate green jobs and attract private-sector investment.
Relevant businesses are able to bid for a share of £64m in government funding supporting projects that will capture carbon emissions and remove greenhouse gases from the atmosphere.
Projects supported under the first phase of the programme include a range of innovative green technologies such as using absorbents that can capture CO2 directly from the air (direct air capture) and capturing the CO2 stored in natural material such as waste wood through combustion to produce energy (bioenergy with carbon capture).
The government hopes that some of the projects will become commercially viable as soon as 2025.
Energy Minister Greg Hands said: “This £116m government investment will support businesses across the nation to turn their green ideas into reality, and to develop ground-breaking projects that save energy, slash utility bills and tackle pollution.
“British businesses and entrepreneurs are already leading the world with innovative solutions to tackling climate change. This is not only good for the planet, but will bring new jobs and investment across the UK”.
An additional £30m in funding will go towards the development of a wide range of new decarbonisation and energy-saving technologies.
Under the latest round of funding from the government’s Energy Entrepreneurs Fund, 58 small and medium-sized enterprises (SMEs) will receive grants to develop and demonstrate new technologies across the areas of energy efficiency, power generation, heat generation and energy storage.
The Department of Energy & Climate Change said that while £11m of this was previously announced, due to the “large number of exceptional high-quality applications” an additional £19m is being made available, bringing the total funding for this round to £30m.
Examples of projects receiving the money includes a low-energy residential ventilation system that uses AI to improve performance, new hydrogen fuel-cell technology to replace diesel engines in boats, and a system designed to remove significant greenhouse gas emissions from the atmosphere as part of the decommissioning of old oil and gas wells.
Sign up to the E&T News e-mail to get great stories like this delivered to your inbox every day.