14 May 2014
Ofgem has shortlisted 11 projects which have passed the Initial Screening Process (ISP) for this year’s Innovation Competitions.
Innovation funding is available to network companies through the Electricity Network Innovation Competition (Electricity NIC), the Gas NIC and the Low Carbon Networks (LCN) Fund. These competitions provide essential backing to innovative projects which aim to make the energy networks smarter, accelerate the development of a low carbon energy sector as well as deliver environmental benefits and lower future costs to consumers.
The projects that have passed the ISP are now eligible to progress to the full submission stage. Network companies must submit their fully developed proposals to Ofgem by 25 July 2014. An expert panel will evaluate the full submission proposals against detailed criteria and make a recommendation to Ofgem on which projects should receive funding. Ofgem will decide which projects to fund by the end of November 2014
Story appears courtesy of Ofgem.