DECC publishes three new reports into UK innovation
Thu 16 August 2012
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The Department for Energy and Climate Change has published three new reports into key areas of innovation. The Technology Innovation Needs Assessments (TINAs), covers marine energy, electricity networks and storage, and Carbon Capture and Storage (CCS).
The TINAs examine the potential for innovation in these technologies and assess the economic benefits to the UK. This work will also help inform the prioritisation of public and private sector investment to ensure these technologies reach their full potential.
The work has been undertaken by the Low Carbon Innovation Coordination Group (LCICG), which is made up of a range of different bodies including the Department of Energy and Climate Change (DECC), the Department for Business, Innovation and Skills (BIS), the Carbon Trust, the Energy Technologies Institute (ETI), the Technology Strategy Board (TSB), the Scottish Government, Scottish Enterprise, the Engineering and Physical Sciences Research Council (EPSRC), and other organisations with significant low carbon innovation interests.
Energy and Climate Change Minister Greg Barker said: “Innovation is key to the growth of the low carbon economy here in the UK. This new analysis will help us better understand the value of these technologies to our growing green economy as well as the barriers to commercialisation, helping us put our available investment in the right place to spur on further innovation.”
Oneof the key findings of the studies is that advanced EN&S technologies have the potential to address new stresses that are likely to be placed on the electricity system, and to do so more cost-effectively than would be possible through traditional methods of grid reinforcement and fossil-fuel-powered system balancing capacity. EN&S technologies could play an important role in the future energy system, supporting the uptake of renewable electricity generation, renewable heat, electric vehicles (EVs), and other low carbon technologies. Innovation in EN&S technologies could save the UK £4-19bn to 2050 and could help create UK-based business opportunities that could contribute an estimated £6-34bn to GDP to 2050.
The reports are available from the DECC and associated partner websites.
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