UK government pumps £350 million into ‘green recovery’
UK industry will receive around £350 million to cut down carbon emissions under new plans to step up efforts to tackle climate change. The multimillion pound investment package will build on progress towards the UK’s target to reach net zero by 2050, by helping businesses to decarbonise across the heavy industry, construction, space and transport […]
Government pledges £80 million to help cut emissions from homes and industry
Energy Minister Kwasi Kwarteng has announced nearly £80 million of government investment to help cut carbon emissions from homes and energy intensive businesses. The funding will be invested in a wide range of programmes, including pioneering heat network trials and an innovative new programme to bring down the cost of retrofitting residential properties with the […]
‘Superfunds’ should drive Britain’s green future, says think tank
New British pension ‘superfunds’ should be created to invest in infrastructure for country’s green recovery. That’s the view of the Social Market Foundation, which also says that ministers preparing for a ‘green recovery’ from coronavirus should be ready to take more risks and spend public money up front to support innovative ‘pathfinder’ infrastructure projects and […]
£3m funding for smart energy systems
UK businesses and researchers can apply for a share of up to £3 million to support projects to develop important technology components that improve the efficiency of local energy systems. The funding, available through the Industrial Strategy Challenge Fund’s Prospering from the Energy Revolution Challenge, aims to support projects that investigate innovative components that would […]
Leading edge demonstrators to ‘jumpstart energy revolution’
Four smart energy systems demonstrator projects across the UK have been announced by Energy and Clean Growth Minister Claire Perry. From charging electric vehicles and managing heating and power through machine learning to storing power with lithium ion batteries and using heat pumps, the projects are designed to show how energy innovation can be put […]
EV Charging Management Platform Driivz secures $12m
Driivz has secured $12 million investment from a funding round with participants including Inven Capital, Centrica and Ombu Group. The three funds will join the board of directors of the company alongside Tsahi Merkur, the company’s founder and seed investor. Inven says Israel-based Driivz was selected following a ‘comprehensive due diligence process for its leadership and […]