Low Carbon Economy boosted with major investment

27 Aug 2008

Fourteen low carbon energy technology research and development projects to receive major government investment.

Innovations will help UK to meet carbon-reduction targets.

Total value of projects in excess of £17 million.

The development of low carbon energy technologies is to receive a major boost following a decision by the government-sponsored Technology Strategy Board to invest over £8 million in new research.

The fourteen new projects will see UK companies and universities working together to accelerate the development of new low carbon energy technologies, making them available within 3 to 5 years. 

The Engineering and Physical Sciences Research Council (EPSRC) is supporting five of the projects with an investment of over £1 million and, including contributions from the private sector businesses involved, the total value of the fourteen projects is in excess of £17 million.

The innovations will both contribute to the UK's carbon-reduction targets and help UK companies to take advantage of the increasing global demand for low carbon energy technologies. 

Commenting on the decision to invest in the projects, the Technology Strategy Board's Chief Executive, Iain Gray, said today: "Large scale investment in innovative research and development, such as the £17 million we are announcing today, will help us to meet the challenge of moving towards a lower carbon economy.  We are helping to bring together the UK's world class expertise to research and develop innovative technologies in a key area for the UK.  We are delighted to offer our support and investment to these projects and look forward to seeing the benefits they will produce, both for UK business and in helping meet our environmental targets." 

The projects include research and development in areas such as:

  • CO2 compression systems for carbon capture and storage
  • Hydrogen storage for automotive applications
  • Low-cost, high-efficiency, long-life solar cells

The Technology Strategy Board is working closely with the Energy Technologies Institute, the Research Councils, Carbon Trust and BERR in supporting and coordinating energy research in the UK and the launch of these projects represents part of the UK's commitment to a lower carbon economy.

The funding of these projects is the latest in a series of major investments in innovative research and development by the Technology Strategy Board.  Earlier this month, the Board announced that it would invest in excess of £36 million in nearly 50 projects in cell therapy, material technologies for energy and high value manufacturing.

Announcements about further investments are likely to be made shortly.

Download pdf of full press release including notes for editors.

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Last updated on Thursday 04 September 2008 at 09:07

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