The DTI is planning to create an Energy Technologies Institute devoted to providing R&D into secure, reliable and affordable low carbon energy technologies.

The DTI has published a prospectus setting out its vision and inviting expressions of interest from the private sector. It has said it is prepared to commit £500m to the institute over the next decade and is looking for the same level of commitment from the private sector.

The institute’s aim is to increase the level of funding devoted to R&D to meet the UK’s energy policy goals and to allow rapid commercial deployment of cost-effective, low carbon energy technologies. It also aims to provide better strategic focus for commercially applicable R&D.

Trade and industry secretary, Alistair Darling said: “I want more companies to come forward and join us in this groundbreaking partnership and be part of this unique venture.”

BP, EDF Energy and Shell have already offered their support.

A copy of the prospectus can be downloaded from www.dti.gov.uk/-science/science-funding.eti

The institute also aims to provide better strategic focus for commercial applicable energy related R&D in the UK, to connect and manage networks of the best sciences and engineers to deliver focussed energy R&D and to build R&D capacity in the UK in the relevant disciplines to deliver the UK’s energy policy goals.