• 10 out of 16 innovation project bids successful
• Innovation can help cut the cost for consumers of modernising Britain's electricity and gas networks
Ofgem has announced funding of £59.4 million for 10 innovation projects as part of its ground-breaking innovation competitions for the network companies that transport energy around Britain.
The funding is provided under Ofgem's three innovation competitions that aim to help make the energy networks smarter, accelerate the development of a low carbon energy sector and deliver savings to consumers. In total, there was £109 million available for the 16 projects which had applied for funding under the schemes. However, Ofgem could not be confident that all projects were sufficiently developed and able to clearly demonstrate they would provide good value to customers at this stage, resulting in six missing out on funding this year.
Successful projects this year include developing robots to help monitor and repair gas mains and improving engagement with vulnerable consumers to see how they can benefit from energy efficiency measures. A full list can be viewed via our brochure.
Hannah Nixon, Senior Partner, Distribution said: "Innovation is integral to the future development of Britain's energy networks. Ofgem is leading the way in getting the network companies to prepare for the future through our three funding competitions. Today's 10 successful projects show excellent partnership working with a range of organisations.
"The learnings from previous year's innovation projects are already being shared among the industry and projects are showing real progress. I am sure that this year's projects will continue to provide crucial learning and enable real savings to be delivered for existing and future consumers."