Innovative small businesses to drive power sector technology development

Innovative small businesses to drive power sector technology development

11 Apr 2012

Innovative small companies leading thirty feasibility studies that will stimulate innovation in power distribution and management of demand are to share government funding of £2 million.

The grant funding, from the Technology Strategy Board (www.innovateuk.org), is the first, exploratory, phase of a new four-year programme of government investment that aims to develop new technologies to help integrate future demand and energy supply into a flexible, secure and resilient energy system.  The feasibility studies – which are all led by small and medium-sized businesses (SMEs) – will demonstrate innovation in component design, software, demand side management, integrated systems and novel business or operational models.

The Technology Strategy Board’s programme seeks to address the challenge of building interdisciplinary supply chains capable of delivering a resilient energy infrastructure, both in terms of supply but also in offering solutions to consumer-led innovation driving energy demand. The programme will: 

  • Focus on applied research that will develop products and services across the future energy system including: hardware (energy storage, sensors, power electronics, etc), software (virtual power plants, automation, demand side response, etc) and network infrastructure (security, data storage, communications, etc).
  • Deliver applied research and development to underpin and build on other energy related programmes at the Technology Strategy Board and those of our partners across the innovation landscape, including electric transport, offshore renewables and grids, the modern built environment etc.

Commenting on the initial grant funding awards, Iain Gray, Chief Executive of the Technology Strategy Board, said:

“If we are to truly move towards a more sustainable energy system, then we must take a systems approach where the business opportunity will be to integrate security, resilience and flexibility   into the energy grid.  We believe the Technology Strategy Board has a role to play in bringing different disciplines and markets together to ensure UK business benefits from these opportunities.”

The SMEs leading the thirty-three feasibility studies are: Advanced Digital Institute, AlertMe.com Ltd, Amantys Ltd, B9 Energy, Carnego Systems Ltd, Centre for Sustainable Energy, Clean Energy Prospector Ltd, Clicks and Links Ltd, Digital & Future Technologies Ltd, DSE Consulting Ltd, Exergy Devices Ltd, Flexitricity Ltd, FusionIP Ltd, Green Structures Ltd, High Voltage Partial Discharge Ltd, ITM Power (Trading) Ltd, KiWi Power Ltd (2 studies), Legendary Games, Low Carbon South West, Moixa Energy Holdings, Moixa Technology Ltd (2 studies), Oswald Consultancy Ltd, PassivSystems Ltd (2 studies), PPA Energy (2 studies), RLtec Ltd, Sasie  Ltd, Sentec Ltd, Swanbarton Ltd and Video Mind Games Ltd.

The studies will research processes, products or systems that will lead towards the development of, for example:

-          Renewable energy peak output demand side management

-          Smart energy storage systems

-          Portable remote intelligent monitored power systems

-          System optimisation and control for homes

-          Distributed domestic monitoring, diagnostics and control

-          Fault current limiter for smart power grids

All of the feasibility studies will deliver a tangible outcome – such as a component, system, process or business model.  They will also show how their idea can reduce the costs of network reinforcement and upgrades associated with decarbonisation of power networks.  The companies leading the studies will present their findings at a future event upon project completion.

View the press release including notes to editors here

 

Last updated on Wednesday 11 April 2012 at 15:44

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