Corporate report

Annual report: delivering Ofgem’s Strategic Innovation Fund (SIF)

This publication reviews Innovate UK’s work in partnership with Ofgem to deliver the Strategic Innovation Fund, over its first year of operation (2021 to 2022).

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Innovate UK
Published:

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Annual report: delivering Ofgem’s Strategic Innovation Fund (SIF) (PDF)

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Details

Decarbonising energy networks, with the aim of creating a net zero power system by 2035, is a huge and urgent undertaking.

With funding of around £450 million, Ofgem’s Strategic Innovation Fund responds to the challenge and represents a major investment in the pace of innovation in the sector, funded by energy consumers through the price cap mechanism.

The SIF programme is managed by Innovate UK, as Ofgem’s delivery partner. This short report covers Innovate UK’s role and progress in delivering the SIF since its launch in 2021, and what happens next.

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