Prospering from the energy revolution
An overview of government’s challenge to industry and research to create more efficient energy systems and benefit the UK economy from the global uptake.
What is the energy revolution challenge?
Smart energy systems can intelligently link energy supply, storage and use, and power heating and transport in ways that dramatically improve efficiency. It’s a huge market opportunity, with $2 trillion a year estimated to be invested in global energy infrastructure.
The government is enabling the UK to take advantage of this by funding industry and researchers to create new systems. They will provide cleaner, cheaper energy, while creating high value jobs for the UK.
Doing so will meet government’s priorities set out in the Clean Growth Strategy, the Smart Energy Systems and Flexibility Plan and Industrial Strategy’s clean growth pillar. It will help the UK to meet air quality targets at lower investment costs, avoid power cuts and ensure its compliance with the fifth carbon budget (from 2028).
What’s the investment?
The government will invest up to £102.5 million in industry and researchers to develop smart systems that can support the global move to renewable energy.
What’s the opportunity?
Opportunities will be available to UK-based researchers and businesses.
There will be multiple opportunities run through this challenge. More information will be added here as it becomes available. Those announced so far are:
We will fund up to 3 practical local energy systems demonstrators, based across the UK. These will build capabilities in the supply chain and create positive changes for energy consumers.
We will fund whole-system design projects that develop novel concepts for energy provision and create a pipeline for the future.
Innovation accelerator fund
The fund will develop and help commercialise smart local energy system products and services, and capitalise on the best international opportunities.
Research and integration services
This inter-disciplinary research programme will work alongside the Energy Systems Catapult to provide coordination and technical support to demonstration and design projects.