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£20m UK aid for innovative solutions for greener energy ventures
The UK’s innovation agency, Innovate UK, is offering £20m of UK aid funding to develop and demonstrate innovative solutions for clean, affordable and secure energy access in sub-Saharan Africa, South Asia or South East Asia.
The competition, Energy Catalyst round 8 – which is open now and runs until September 16th – seeks to encourage the development of products and services that help countries in sub-Saharan Africa, South Asia, South East Asia or multiple regions access secure, low cost and low carbon energy.
They must be targeted at people, public services and local enterprises who are unable to afford or access existing solutions, or who lack the time or expertise to successfully use those solutions.
The Energy Catalyst’s mission is to accelerate the innovation needed to end energy poverty. By providing financial and advisory support to innovators the UK helps create strategic partnerships, uncover insights and develop business models to improve lives in Africa and Asia.
The challenges of energy poverty include over 1 billion people who do not have access to electricity; over 3 billion people relying on solid fuels and kerosene for cooking and heating; grid based systems face economic and governance barriers; and vast majority (80%) of those gaining access to electricity worldwide are in urban areas
Funding is available through Global Challenges Research Fund (GCRF).
The projects participating in the contest must address energy access needs of sub-Saharan Africa as well as South and South-East Asia; all 3 areas of the ‘Energy trilemma’ – cost, emissions, and security of supply / energy access; and gender equality and social inclusion.
The competition is also co-funded by the UK’s Department for International Development (Dfid). Up to £3 million will be prioritized for projects specifically for energy storage. Dfid is also particularly interested in supporting projects in the areas of modern cooking; sustainable cooling; next generation solar; efficient and productive appliances; and technologies and business models that help leave no-one behind
International Environment Minister Lord Goldsmith said “As we recover from coronavirus, it is vital that we prioritize changing our relationship with the planet for good. Finding innovative and affordable ways to help people use clean energy will make a real difference in this mission.”
As COP26 president, the UK will be bringing countries together to take action on climate change, including by committing to greener energy sources.
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