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The Institute’s remit is to accelerate the development of secure, reliable and cost-effective low-carbon energy technologies towards commercial deployment. The Institute will play a major role in technology developments internationally in support of the UK's climate change goals.
The Energy Research Partnership, under the joint chairmanship of Paul Golby, Chief Executive of E.ON UK, and Sir David King, committed itself to raising substantial sums of private investment. EDF Energy, Shell, BP and E.ON UK announced their intention to be involved. The DTI has announced that it is prepared to provide matched funding of up to £500 million, creating the potential for a £1 billion Institute over 10 years.
On 14 September 2006, the Secretary of State for Trade and Industry published a Prospectus setting out the aims of the Institute to attract additional private sector investors.
An open information event was held on 11 October 2006. A copy of the presentations is available under related documents. If you would like to receive future updates on progress, please complete the Expression of Interest Form.
Since the announcement there has been extensive work to recruit additional private funders, and to develop detailed concept, governance, operational, funding and IPR models. The initial four full private sector partners have now been joined by RollsRoyce and Caterpillar.
Research organisations across the UK were invited in January to provide information on energy related research capacity, capabilities and resources and to indicate any interest in hosting the Energy Technologies Institute (ETI) Director and support staff. The submissions to host the ETI Director were considered by representatives of the industrial and public sector funding partners. A short-list of organisations/consortia was announced on 14 May which have been invited to prepare more detailed proposals for further consideration over the Summer, see Press Notice - P/2007/92 under related documents.
Additional information will be requested from short-listed organisations including the opportunity for detailed discussions with the ETI team and the presentation of final bids. A final recommendation will be provided to the ETI Board (once legally established) by early Autumn. Decisions will be a matter for the ETI itself.
It is hoped that an announcement about the appointment of the ETI director will be made shortly.