UK govt awards £7 mn for developing new renewable energy storage tech

These projects will benefit from a share of over £6.7 million to develop new energy storage technologies that can utilise stored energy as heat, electricity or as a low-carbon energy carrier like hydrogen, according to a press release by the UK department for business, energy and industrial strategy.

Ranging from the development of thermal batteries to converting energy to hydrogen, the projects have been selected because of their potential to improve technology performance and reduce the cost of meeting net zero emissions.

Successful projects could benefit from a greater tranche of funding from a second phase of the competition, which will support these projects towards commercialisation, encouraging private investment and creating new jobs, the ministry said.