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The Low Carbon Economy Ltd

14 Jan 2009 05:01:07

ETI funds renewable tech

ETI funds renewable tech
Funding to develop renewable technologies has been granted by a company set up to accelerate the deployment of affordable low carbon energy systems.

The Energy Technologies Institute (ETI), a partnership between government and industry, has handed out a total of £20 million to four renewable energy projects.

Three of the projects are working on offshore wind power, while the fourth is aiming to demonstrate commercial scale tidal stream electricity generation.

Dr David Clarke, the ETI's chief executive officer, said: "The projects being announced today will demonstrate new technologies which can deliver significant cost savings compared to current renewable energy sources.

"Through the skills, capabilities and market access of our members, we have the potential to deploy new technologies on a mass scale. Rapid, widespread deployment is critical if we are to address effectively the challenges of climate change."

The ETI was set up in the 2006 budget as a 50-50 public-private partnership, with the government investing £550 million in it.

Its private sector partners are BP, Caterpillar, EDF Energy, E.On UK, Rolls-Royce and Shell.



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