As part of its £102.5 million Industrial Strategy Challenge Fund, aimed at developing systems to support the global move to renewables, the U.K. Government has announced £10 million for smart energy systems.
Specifically, £1.5 million will be shared out among 12 projects, which are tasked with designing “ground-breaking, local, smart energy systems that are ready for roll out in the 2020s.”
The goal of the systems is to lower costs and, thus, consumer energy bills, via improved efficiency and production.
According to a statement released by the government, the projects include creating an energy marketplace and local trading platform between the predominantly commercial premises in London’s South Bank and Waterloo, using IoT sensors, predictive algorithms and storage systems; and maximizing existing and planned renewable generation assets in Bridgend, including solar farms and a nearby energy park, to develop a local electricity flexibility market and an electric vehicle charging network.
The lion’s share of the funding – £8 million – will go to establishing a new consortium, led by the University of Strathclyde, called EnergyREV. Overall, the consortium is set to comprise 29 investigators from 22 U.K. universities.
“It will work closely with the Energy Systems Catapult to provide analysis, evaluation and assessment of the projects funded under the prospering from the energy revolution challenge,” read the statement. The challenge has been launched by the government to develop future smart energy systems.
No further details were released.