Technology body aims to fund energy research

Money will be put into research and development projects in areas such as carbon abatement technologies for fossil power plants, fuel cells, hydrogen and technologies for the maximisation of indigenous oil and gas resources.

Funding will also be made available for off-shore wind and marine power through joint investment with other organisations. The TSB will also work to identify investment opportunities to deliver additional benefits in areas such as bio fuels and micro-generation.

Derek Allen, the TSB’s lead technologist for energy generation and supply, said: “The magnitude of the challenge, the broad portfolio of technologies needed and the requirement for innovative solutions in energy are such that no single organisation can realistically take responsibility for all the elements of the innovation chain. So, coordination and cooperation are crucial. Continuous dialogue with key players in the UK energy innovation chain will ensure we develop complementary programmes, avoiding both duplication and technology gaps.”