A South Yorkshire-based engineering firm has won funding to cover up to half its costs in a £2.7M project researching new power generation technology.
Sheffield Forgemasters International (SFIL) has secured contract orders for generator and turbine rotors that will take until 2012 to complete, as fossil-fuelled power stations continue to be in demand by UK energy suppliers.
Regional development agency Yorkshire Forward has agreed a grant for up to £1.35M - half the project cost - which will be matched by SFIL to develop their components to withstand high temperatures.
Forgings for the new contracts have an average weight of 75-95 tonnes, and must meet specified and refined standards to operate in extreme heat.
It is thought the project will allow SFIL to access new markets worth more than £200 million per year, by developing the cleanliness of steelmaking through research into ingots and forging.