Fifty-three innovative electricity and gas projects that could help reduce both bills and emissions receive funding through the Strategic Innovation Fund.
A bumper crop of cutting-edge projects have received funding. The projects aim to help deliver a future power grid that is both more secure and cleaner while also turning Great Britain into a growth hub for energy entrepreneurs.
Energy regulator Ofgem and Innovate UK have announced a batch of 53 projects that will each receive up to £150,000 from the Strategic Innovation Fund (SIF). SIF is a five-year programme introduced in 2021 to help spearhead the shift to a lower carbon future across the gas and electricity networks, in line with the government’s net zero objectives.
Innovate UK has estimated that all the innovation projects submitted to SIF will deliver cost savings in the billions of pounds over the next 10 to 15 years. These projects will benefit consumers and cut millions of tonnes of carbon dioxide emissions.
