Funding worth £14 million to help find solutions to address the energy ‘trilemma’ has been announced.
Innovate UK has opened the second round of the Energy Catalyst competition to provide investment to businesses and researches that can address the challenges of reducing emissions and cost and improving security of supply.
Funding is available for three stages of technology development: early-stage, mid-stage and late-stage – depending on which cycle the specific technology sits.
Total project costs can be up to £300,000 for early-stage, up to £3 million for mid-stage and up to £10 million for late-stage.
£14m fund to address energy ‘trilemma’