The Department for Energy and Climate Change (Decc) is today offering up to £20M to fund low carbon energy storage systems.
Decc is calling on firms to bid for the funds to help develop technology that can store electricity generated at low demand and allow it be used when demand is high.
A recent report by government funded Low Carbon Innovation Coordination Group highlighted the need to develop this technology to balance the intermittent renewable energy projects – such as wind power - due to come online this decade.
“As we move towards a low carbon future, the ability to store energy when we don’t need it, for times when we do will become even more important, helping us balance our electricity network and use more clean green power,” said energy minister Greg Barker.
The competition will be run in two stages. The first, offering up to £40,000 for project designs will be open until 13 December with bidders announced in February 2013. Successful bidders from the second stage will then be invited to bid for up £12M to tests their designs on the ground. Decc expects to fund up to ten projects and three demonstration projects.