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    Home > Chemicals Industry > International Chemical > Energy Networks UK launches £90 million innovation competition

    Energy Networks UK launches £90 million innovation competition

    • Last Update: 2022-12-28
    • Source: Internet
    • Author: User
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    British energy networks have launched a £90 million innovation competition
    .

    Energy Networks UK launches £90 million innovation competition

    The Energy Network Association (ENA) has launched a Call for Network Innovation Competition (NIC) to support a range of large-scale energy technology projects
    .

    Research shows that investing in energy networks with smart power innovations could save up to £8 billion a year, with consumers expected to save up to £214 billion by 2050 if new technologies are used to drive decarbonisation
    .

    Successful applicants will work with Energy Networks to compete for up to £20 million available for gas network projects and up to £70 million for
    electricity network projects.

    The ENA said the proposal must provide clear cost-effectiveness for the public and the energy network, while promoting environmental improvements and demonstrating real innovation
    .

    David Smith, CEO of ENA, said: "This is an exciting opportunity for innovators to deliver projects
    that make a real impact in the way communities operate across the country.

    Network innovation is essential to save the public energy bills while providing the nation with a smarter, cleaner, and more flexible energy system
    .

    The call for comments closed
    on 26 October.

    British energy networks have launched a £90 million innovation competition
    .

    Energy networks

    Energy Networks UK launches £90 million innovation competition

    Energy Networks UK launches £90 million innovation competition

    The Energy Network Association (ENA) has launched a Call for Network Innovation Competition (NIC) to support a range of large-scale energy technology projects
    .

    Research shows that investing in energy networks with smart power innovations could save up to £8 billion a year, with consumers expected to save up to £214 billion by 2050 if new technologies are used to drive decarbonisation
    .

    Successful applicants will work with Energy Networks to compete for up to £20 million available for gas network projects and up to £70 million for
    electricity network projects.

    The ENA said the proposal must provide clear cost-effectiveness for the public and the energy network, while promoting environmental improvements and demonstrating real innovation
    .

    David Smith, CEO of ENA, said: "This is an exciting opportunity for innovators to deliver projects
    that make a real impact in the way communities operate across the country.

    Network innovation is essential to save the public energy bills while providing the nation with a smarter, cleaner, and more flexible energy system
    .

    The call for comments closed
    on 26 October.

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