In the first round of a British government-backed competition, nearly £7 million has been awarded to turbocharge UK projects that are developing innovative energy storage technologies. Twenty four projects have been awarded the first round of funding through the Longer Duration Energy Storage competition, which is worth £68 million in total.
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.
