The UK government has announced nearly £7m funding to support projects that are developing advanced energy storage technologies in the country.
It is part of the Phase 1 funding, worth a total of £68m, to be awarded to 24 projects in the UK, through the Longer Duration Energy Storage (LODES) competition.
The projects are expected to receive a share of £6.7m to develop new energy storage technologies that leverage heat, electricity or hydrogen as stored energy.
The UK government said that the projects have been selected based on their potential to improve the performance and reduce the cost of meeting net zero.
Part of the government’s £1bn Net Zero Innovation Portfolio, the Phase 1 funding will be followed by Phase 2 funding of £68m, awarded to the most promising Phase 1 projects.
Projects that are successful through Phase 1 can benefit from the second phase of the competition, which would support their commercialisation, and create new jobs.
Under the latest funding, Sunamp’s EXTEND project will receive £149,893, and Cheesecake Energy’s FlexiTanker project will get £139,411 funding.
In addition, B9 Energy Storage’s Ballylumford Power-to-X project would also benefit from £986,082 funding to mobilise the 20MW Power-to-X project at Ballylumford.
The UK government said that the new funding will support the development of energy storage technologies in the country.
For more information visit the UK government website.