Ofgem launches £450m fund to help homes and businesses go green
A new fund that opened yesterday will unlock greener ways to travel and to heat and power homes and businesses, by harnessing a new approach to energy network innovation. This will keep bills as low as possible, drive the UK towards its goal of net zero greenhouse gas emissions by 2050, and help turn the UK into the ‘Silicon Valley’ of energy.
The fund, which opened for application on 31st August, is part of Ofgem’s RII02 price controls for the electricity system operator and the network companies that operate GB’s energy pipes and wires. The fund will be approved by Ofgem and managed in partnership with Innovate UK.
Latest news
Featured News item
New extra efficient heat pump developed
In a new paper published in the journal Communications Engineering, researchers from the University of Glasgow outline how their flexible heat pump technology provides an elegant and low-cost solution. The team led by Professor Zhibin Yu, have developed a