Webinar: ISCF Prospering from the Energy Revolution – Detailed Designs
UK Research and Innovation (UKRI) will be launching the £28m Detailed Designs of Smart, Local Energy Systems competition this summer as part of the ISCF Prospering from the Energy Revolution Programme. UKRI, in collaboration with the Department of Business, Energy and Industrial Strategy (BEIS) and the Knowledge Transfer Network (KTN), would like to invite you to join a webinar on the 1st February to hear about the new funding programme and how you can get involved.
Background: The world is embarking on a revolution in how energy is supplied. Over the coming decades at least $2 trillion each year will be invested around the world in the transition to low carbon power, transport, heat and localised, digitally-connected energy systems. The UK has world-leading energy and environmental researchers, businesses, policy, regulation, technologies, infrastructure and innovators. We believe that integrating these through a smart local energy systems approach will give the UK the opportunity to develop an industry built around delivering new consumer-friendly energy services and markets that are cheaper, cleaner, flexible, and more resilient to environmental and social change.
What is the opportunity? The “Prospering from the Energy Revolution” Challenge Fund will support industry, academia, public bodies, and local communities to develop a world-leading, smart local energy systems industry in the UK. We expect this industry to be worth billions of pounds by the early 2020s, supporting tens of thousands of new high-value jobs associated with design, testing, manufacture, financing, installation, and operation of new energy products and services across the wider low carbon energy economy.
This competition will fund the development of detailed designs for smart, local energy systems which integrate heat, power and transport in an intelligent way. Projects will be eligible to apply for up to £2m grant, with matched funding.
The webinar will give potential applicants advanced sight of the opportunity to maximise the time available to build consortia and project ideas. Further briefing events will take place when the competition opens in the summer.