The world is embarking on a revolution in how energy is supplied. Over the coming decades, at least $2 trillion each year will be invested around the world in the transition to low carbon power, transport, heat and localised, digitally-connected energy systems. The UK has world-leading energy and environmental researchers, businesses, policy, regulation, technologies, infrastructure and innovators. The Knowledge Transfer Network believe that integrating these through a smart local energy systems approaches will give the UK the opportunity to develop an industry built around delivering new consumer-friendly energy services and markets that are cheaper, cleaner, flexible, and more resilient to environmental and social change.
What is the opportunity?
The “Prospering from the Energy Revolution” ChallengeFund will support industry, academia, public bodies, and local communities to develop a world-leading, smart local energy systems industry in the UK. We expect this industry to be worth billions of pounds by the early 2020s, supporting tens of thousands of new high-value jobs associated with design, testing, manufacture, financing, installation, and operation of new energy products and services across the wider low carbon energy economy.
The £30m Detailed designs for smart, local energy systems competition will support the development of intelligent and highly investable energy system solutions that make the best use of cheaper renewables, energy storage, electric vehicles, energy efficiency, low carbon heat, and digital infrastructure.
The briefing events will include;
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