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22 October 2012 | Anna Reynolds
Companies have the chance to secure contracts to design and develop on-site energy storage systems, as part of a Department of Energy and Climate Change (DECC) competition.
These systems enable electricity generated at a time of low demand to be stored and used when electricity demand is high.
The contest is split in two, with £17 million available for organisations to bid for funding to design and test energy storage systems and the remaining £3 million for research into materials for these systems and how they can be used in the UK market.
Project designs will be judged on value for money and the potential for commercialisation. DECC expects to fund 10 projects, offering £40,000 each in the first stage of the competition.
Energy and climate change minister Greg Barker said: “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. This investment will help boost innovation and bring more technologies into this growing market.”
DECC also hopes companies will be able to sell successful designs to energy providers and other businesses.
Applications for energy storage designs must be submitted by 13 December 2012 and first-stage successful bidders will be announced in February 2013. The remaining £12 million will then be available for design testing.