The UK Governments Energy Entrepreneurs Fund, designed to support the development of new clean technologies across all sectors of the UK, has awarded 15-20 projects with a share of £11m.
The Governments aim with this fund is to create hundred of new jobs and unlock even further investment from the private sector, aiding the country to “build back greener”.
With the UK hosting COP26 in Glasgow this year, the pressure is on to lead the way for all things sustainability, environmental and social. This is a welcome step on a long road towards a forever-habitable planet and an equal society.
Each of the projects will individually secure up to £1m, according to Energy Minister Anne-Marie Trevelyan, who said the fund was helping to build on the UK’s “strong entrepreneurial spirit”.
“We want to unleash this talent to drive forward green technologies across the UK, helping the public and businesses cut their carbon footprint,” she said. “The Energy Entrepreneurs Fund is backing the UK’s next generation of inventors and innovators to turn their ideas into reality, with previous successful projects already helping drive down emissions across the country and creating green jobs as we work to build back greener.”
The government said it had now handed out £72m-worth of grants to date through the Fund, supporting 156 projects that have leveraged more than £500m of private investment.
Other companies that have received part of this fund include carbon capture specialists C-Capture and CCm Technologies, as well as stainless steel solar cladding developer Energy Transitions, which is aiming to develop panels capable of enabling an entire building’s façade to produce clean and efficient heat.
“C-Capture has patented a unique, solvent-based technology which offers a safe, low-cost way to remove carbon dioxide from emissions using a post-combustion capture approach. C-Capture was founded in 2009 as a spin-out from the Department of Chemistry at the University of Leeds, and recent investors include IP Group, Drax, and BP Ventures.”https://www.c-capture.co.uk/
“CCm Technologies is a sustainable/cleantech technology company, based near Oxford, focused on resource optimisation, including Carbon Capture and Utilisation (CCU).
CCm’s technology converts captured carbon dioxide and other waste streams into stable value-added materials with multiple uses including fertiliser, plastics and energy storage.”https://ccmtechnologies.co.uk/
As the UK tries to lead the way as a global player in carbon reductions here at Conscious Creatives we still advocate for full adoption of the United Nations Sustainable Development Goals as our framework for sustainability policy to ensure we tackle all major challenges and not just environmental ones.