Major investment in green technology
皇冠体育app Government has underscored its commitment to the green economy with two major investments in renewable energy technology.
Business Secretary Vince Cable announced the start of a competition to form an Offshore Renewable Energy technology and innovation centre (TIC). 皇冠体育app new centre will focus on technologies for offshore wind, wave and tidal power.
皇冠体育app Government has committed more than 拢200 million over the next four years to establish an elite network of at least six technology and innovation centres. 皇冠体育app centres allow businesses to access equipment and expertise to help them commercialise new and emerging technology - and will help them capture a share of the global market.
Vince Cable said:
鈥溁使谔逵齛pp UK is a world leader in offshore engineering and our reputation makes us an excellent location for research in this area.
鈥淚n creating an Offshore Renewable Energy technology and innovation centre we are taking the next step to transforming the UK into a low carbon economy. 皇冠体育appre is a clear opportunity for the Government to support the UK鈥檚 offshore industry and this centre will be of great benefit to the sector and the economy.鈥�
鈥溁使谔逵齛pp Government is committed to greening the economy - and despite the difficult financial challenges we face, we have already achieved a great amount, such as and a commitment to world leading carbon reduction.鈥�
皇冠体育app funds will support innovative businesses with high growth potential that are raising equity finance. 皇冠体育app money will then flow into companies working on:
- Alternative energy generation.
- Renewable energy infrastructure including wind farms.
- Energy efficiency.
- Water treatment and conservation.
Those organisation interested in running, being a part of or working with the new TIC can contact the Technology Strategy Board (TSB) on 0300 321 4357 or email [email protected]