£11m boost for energy entrepreneurs to turn green dreams into reality
Energy entrepreneurs have the chance to benefit from a share of £11m government funding to turn their ideas into real products and services whilst eliminating carbon emissions.
Energy Minister Anne-Marie Trevelyan today announced the latest round of the Energy Entrepreneurs Fund (EEF), which seeks to drive forward new clean technologies across all sectors of UK industry, supporting the UK to eliminate its contribution to climate change by 2050.
This includes innovations that boost energy efficiency in people’s homes, reduce carbon emissions and develop green transport as well as sourcing cleaner and greener ways to generate power and heat.
Between 15 and 20 projects, will each receive up to £1m in funding.
Energy Minister Anne-Marie Trevelyan said: “The UK is famous for its strong entrepreneurial spirit. We want to unleash this talent to drive forward green technologies across the UK, helping the public and businesses cut their carbon footprint. The Energy Entrepreneurs Fund is backing the UK’s next generation of inventors and innovators to turn their ideas into reality, with previous successful projects already helping drive down emissions across the country and creating green jobs as we work to build back greener.”
UK Net Zero Business Champion, Andrew Griffith said: “I am thrilled to welcome the next stage of this excellent scheme, which is harnessing the creativity of British entrepreneurs to protect both the planet and UK industry by large and small innovations alike. This is another great step from our government, investing in the jobs of the future and the next generation of UK business who will lead the world in eliminating emissions from industry and driving forward our green industrial revolution.”
Tom White, CEO C-Capture, said: “Innovations in carbon capture technology are vital in helping the UK achieve its net zero target. Energy Entrepreneurs funding enabled C-Capture to further develop and deploy its technology, to demonstrate the performance and cost advantages which will be advantageous to companies seeking to decarbonise their operations. The support we have received from the UK government has been of fundamental importance in developing a technology has the potential to capture millions of tonnes of CO2 per year.”
John Blower, CEO Energy Transitions Ltd, said: “The Energy Entrepreneurs Fund acted as a catalyst that enabled us to take forward our Steel Zero solar façade from concept towards market readiness. BEIS’ support, both through the Energy Entrepreneurs Fund grant and the associated ‘Incubation Support’, which has assisted us in a range of areas, including branding, licensing and marketing, has had a transformational effect and helped us establish a platform from which we aim to create a global clean technology business.”
John Baross, managing director Axis Energy Projects, said: “Axis Energy Projects was pleased to have received a grant from the Energy Entrepreneurs Fund. It allowed us to progress our low-cost anchoring method for floating offshore wind turbines not only on the UK Continental Shelf but on a global basis. Such was our progress that we can now focus on offshore wind farms and on decarbonising existing and new offshore oil and gas production facilities. This would not have been possible without the grant award.”
Christine Boyle, CEO Senergy Innovations, said: “For Senergy, the Energy Entrepreneurs Fund programme brought the perfect combination of critical early-stage funding and business acceleration support. The network of academic and business experts that were brought together to support our innovation journey was key to our success. The wealth of experience both within CLT, the programme partner companies, and the international organisations they collaborate with, was key to delivering our early commercial success. A fantastic opportunity to turn an entrepreneur’s idea into a global opportunity.”