Ofgem and Innovate UK are working together on the SIF – seeking ambitious, innovative projects with the potential to benefit consumers and accelerate the transition to net zero. The objective is to help transform the UK into the ‘Silicon Valley’ of energy, making it the best place for high potential businesses to grow and scale in the energy market.
Four Innovation Challenge areas have been identified:
- Whole system integration
- Data and digitalisation
- Heat
- Zero emission transport
Any company with potential innovative solutions for the energy networks will want to understand the opportunities that the SIF offers, now and in future.
The first competition for SIF funding opens on 31 August 2021. At the event on 7 September you can find out more about the fund, its aims and how it works.