The fund is split in two, with up to £40m available for three smart energy system demonstrators, and a further £1.5m available for studies into new, smarter approaches to local energy.
InnovateUK says demand to meet carbon reduction targets and the emergence of new technologies including artificial intelligence, internet of things and sensing and machine learning are ‘creating new opportunities for smart energy systems.’
The competition will help businesses to develop local energy approaches at scale which they hope will create ‘better outcomes for consumers and promote economic growth for the UK.’
By the early 2020s, Innovate UK aims to prove that smarter local energy systems can deliver cleaner and cheaper energy services.
Successful projects will be supported by an energy integration network including the Energy Systems Catapult leading researchers and government and independent regulatory bodies.
Demonstration projects must be based in a large UK location such as a medium-sized town and show how they could:
Studies into new smart, energy systems must show how by the early 2020s they could:
The best projects will be invited to develop their ideas further in a future competition.
The competition is open, and the deadline for applications is at midday on July 25 2018.
Find out more about the fund here.