Institute to develop green energy

The government has announced that Loughborough University is to be the home of the Energy Technologies Institute (ETI). It will develop ways to cut carbon dioxide emissions, deliver more efficient energy and guarantee energy security for the UK.

The Institute will receive up to £550 million in funding from the Government over the next 10 years along with a similar amount from private investment. The project will bring together major companies including BP, Caterpillar, EDF Energy, E.ON, Rolls Royce and Shell.

The Institute will be run by the Midlands Consortium which, alongside Loughborough, also includes the Universities of Birmingham and Nottingham.

“The Institute will deliver solutions to help make the energy in our homes and businesses safer, cheaper and more sustainable in the future,” said innovation secretary John Denham. “It will do so by bringing together skills and expertise from the public sector, businesses large and small and the wider research community to transform our carbon footprint as quickly as possible. This will help to establish the UK as one of the leaders in global clean energy development and deployment.”