UK invests €13.5 million for new technology to reduce CO2 emissions
Posted by Roman van Woerden in Engineering(pointcarbon, Oslo)The UK government-sponsored Technology Strategy Board on Wednesday said that it will invest ₤10 million (€13.5 milllion) for research and development of low carbon energy technology.
The investment will fund a variety of low-carbon initiatives such as intelligent grid integration and management, carbon abatement technologies, hydrogen and fuel cells, microgeneration, solar energy and bioenergy.
The Technology Strategy Board’s investment is aimed at promoting competition in order to advance the development of the new technologies, which could be used in the UK and elsewhere.
"The challenge of moving towards a lower carbon economy, using a mix of technologies and energy sources, requires us to develop a variety of low carbon energy technologies for the electricity, heat and transport markets," Iain Gray, chief executive of the board said in a statement.
“New markets are being created in low carbon energy technologies and this brings significant potential for wealth creation in the UK," he said.
In November 2007, the board announced a new competition for proposals for collaborative research and development, representing a government investment of about ₤100 million, the statement said.
London
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