19 Oct '12, 9am

£20m up for grabs for energy storage innovation. 2 new competitions launched today

Innovators across the country are today being offered the chance to get their hands on cash to develop innovative energy storage designs to help cut costs and bring new technologies to market in this sector. Energy storage systems enable electricity generated at a time of low demand to be stored and used at a later time when electricity demand is high. These systems have an important role to play in supporting the growth of low carbon technologies but this sector is in need of an injection of cash to spur on innovation and encourage private sector investment, as highlighted by a recent report published by the Low Carbon Innovation Coordination Group (LCICG). In light of the growing importance of energy storage in the low carbon economy, the Department of Energy and Climate Change (DECC) has today launched two energy storage competitions, the first for large-scale energy st...

Full article: http://www.decc.gov.uk/en/content/cms/news/pn12_123/pn12_...

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