Tuesday 25 Nov 2014 @ 10:10
Ofgem
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Ofgem announces £46m of funding for eight innovation projects to improve Britain’s energy networks

  • Eight innovation project bids successful
  • Innovation can provide low carbon and environmental benefits and cut energy costs for consumers
  • This year’s winning projects include a robotic device to inspect gas pipelines and a new approach to reducing electrical losses on the distribution system

Ofgem has confirmed funding of £46.4 million for eight projects as part of its cutting-edge innovation competitions for the network companies that deliver energy to homes and businesses.

Ofgem runs three innovation competitions to help Britain’s energy networks become smarter and more cost-efficient. The Low Carbon Networks (LCN) Fund, the Gas Network Innovation Competition (NIC) and Electricity NIC help the electricity and gas networks accelerate developing a low carbon energy sector and deliver other environmental benefits and cost savings to consumers. 

Ten projects submitted bids and now eight of these will share £46.4 million. Two of the submitted projects failed to demonstrate good value for consumers and didn’t receive funding.

Click here for full press release

 

Channel website: https://www.ofgem.gov.uk/

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