Ofgem has launched the new £450m Networks Strategic Innovation Fund
“Ofgem and Innovate UK are working together on the SIF - seeking ambitious, innovative projects with the potential to benefit consumers and accelerate the transition to net zero. The objective is to help transform the UK into the ‘Silicon Valley’ of energy, making it the best place for high potential businesses to grow and scale in the energy market.
The first competition for SIF funding opens on 31 August 2021.
Applications for this first phase must come though energy network operators, other innovative businesses are expected to play an important role as partners. Any organisation with potential innovative solutions for the energy networks will want to understand the opportunities that the SIF offers, now and in future.
More information on the SIF can be found here: