Friday, February 24, 2017

Significant funding available for energy storage initiatives

The Department for Business, Energy, and Industrial Strategy (BEIS) has announced up to £9.6 million of funding for the development of the UK energy storage industry.

The £9 million competition is looking for ways to reduce the cost of energy storage, including electricity, thermal, and power-to-gas storage. A further £600,000 is available for feasibility studies relating to storing energy on a large scale, to be used at the point it is needed.

Energy storage, power and thermal, has huge potential to shape the outlook for the UK on a national scale but also at a building level. Collaborative projects are likely to be attractive and BESA would like to invite any members who may be interested in a collaborative bid to get in touch.  Current ideas include:

  • phase change storage in buildings
  • use in VRF and reversible heat pumps systems
  • staged application with waste heat and heat pumps
  • demand side thermal management

Members who do get involved can expect to have all their costs met and receive learning embedded in their engineering teams, high profile publicity and opening up of future business opportunities.

Registrations for the first tranche of funding need to be in by Thursday 16th March 2017, and applications close at 17:00 on Thursday 23rd March 3017.

A second tranche is also available with registrations needed by Thursday 1st June 2017 and the closing deadline at 17:00 on Thursday 8th June 2017.

If you want to apply for the energy storage feasibility study competition (up to £600,000) register by Thursday 27th April 2017; applications close at 17:00 on Thursday 4th May 2017.

The timeframe is very short so don’t delay….get in touch with if you would like to apply in collaboration with BESA.


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