On the 7th of May 2019 the Detailed Design for Smart, Local Energy Systems competition opened for application. The competition is part of the Prospering from the Energy Revolution programme by the Industrial Strategy Challenge Fund. Its objectives are to encourage the development of ambitious and innovative projects that will provide investable and scalable local business models by 2022, to unlock investment in such projects, to accelerate commercialisation and to build the UK leadership in integrated energy services provision.
In the context of dropping costs, emergence of control and optimisation technologies that help the integration of renewables and the advantageous position the UK is in terms of research and financing capabilities, the competition aims to promote the development of new replicable business models that will enable the shift from a technology push to market pull.
Up to £30 million is available for ground-breaking designs that integrate heat, electricity and transport provision under an investable model. Each applicant is eligible to apply for up to £3 million in funding, with up to £5 million of funding considered for projects of exceptional scale and complexity. The projects must ensure the involvement of private investors and the aim is to achieve a 2:1 ratio between private and grant funding. The competition looks for detailed designs of energy systems at the scale of at least a small town, that must achieve at least 25% reduction in customer bills, unlock investment and create jobs, reduce emissions, and improve energy efficiency and security. The application process closes on the 7th of August 2019.
UK Research and Innovation (UKRI), in collaboration with the Department of Business, Energy and Industrial Strategy (BEIS) and the Knowledge Transfer Network (KTN), has made available a briefing video to present this competition and how you can get involved. If you have an idea you and are looking for potential partners, get in touch with Simon Morris or Gregor Hogg and we can help identify companies in Scotland who could be part of your project.