UK backs clean power innovation to speed up global energy transition
The UK is investing £12 million in new clean power innovation projects to speed up the global energy transition and cut carbon emissions.
The projects will develop new technologies to generate, store and distribute clean energy, including:
- A new type of wind turbine that is more efficient and can generate more power in lower wind speeds.
- A new way to store energy in batteries that is more affordable and durable.
- A new type of solar panel that is more efficient and can be used in a wider range of applications.
The projects are part of the UK’s commitment to reach net zero emissions by 2050. The government is investing £1 billion in clean energy innovation over the next 5 years to help the UK become a world leader in the clean energy sector.
Business and Energy Secretary Kwasi Kwarteng said:
“The UK is committed to leading the world in the fight against climate change and clean power innovation is essential to achieving our net zero ambitions.
“These projects will develop new technologies that will help us to generate, store and distribute clean energy more efficiently and affordably. This will not only help us to cut emissions, but also create new jobs and boost the UK economy.”
The projects are being funded through the UK’s Net Zero Innovation Portfolio, which is managed by the Department for Business, Energy and Industrial Strategy (BEIS).
The following projects are being funded:
- £5 million for a new type of wind turbine that is more efficient and can generate more power in lower wind speeds. The project is led by a consortium of companies including GE Renewable Energy, Vestas and the University of Strathclyde.
- £3 million for a new way to store energy in batteries that is more affordable and durable. The project is led by a consortium of companies including Britishvolt, Williams Advanced Engineering and the University of Oxford.
- £4 million for a new type of solar panel that is more efficient and can be used in a wider range of applications. The project is led by a consortium of companies including Oxford Photovoltaics, Imperial College London and the University of Cambridge.
The projects are expected to be completed by 2025.
Additional information
The UK is a world leader in clean energy innovation. In 2020, the UK accounted for over 40% of global investment in offshore wind. The UK is also home to some of the world’s leading clean energy companies, including BP, Shell and Centrica.
The UK government is committed to supporting the development of clean energy technologies. The government has set a target of generating 40% of the UK’s electricity from renewable sources by 2030. The government is also investing in research and development of new clean energy technologies.
The UK’s clean energy sector is expected to grow significantly in the coming years. The government estimates that the sector could create over 2 million jobs by 2050.
The UK’s investment in clean power innovation is a major step forward in the global effort to combat climate change. The projects will help to develop new technologies that will make clean energy more affordable and accessible, and will help to accelerate the global energy transition.
UK backs clean power innovation to speed up global energy transition
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