£92 million allocated to funding energy storage, floating wind, and sustainable biomass production in the UK
This week, the UK government launched 3 new innovation challenges in the green energy sector, with £92 million allocated in funding. The initiative is part of the government’s £1 billion Net Zero Innovation Portfolio to drive forward the next generation of technologies which will help decarbonise the energy sector in the UK. It also forms part of the UK Governments 10 point plan, launched last year, to achieve net-zero CO2 emissions by 2050.