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DECC earmarks £5m for new wave of ‘Energy Entrepreneur’ funding
The fund will be dishing out £9m between 19 early stage firms while confirming that a further £5m is now up for grabs.
The awards cover a wide range of clean technologies, including Oxford PV’s thin film solar cells that can installed on office windows, and CCm Research’s work to convert captured CO2 into fertilisers and other chemicals.
The Department of Energy and Climate Change (DECC) said the new £5m comes on top of the £35m already awarded through the EEF and will now be assigned through the fourth round of bids to the fund. It also confirmed part of the funding would be targeted at a specific sector with £2.5m earmarked for start-ups working on carbon capture and storage (CCS) technologies.
Sam Merullo, who leads the commercial team at CCm Research, revealed CCm’s plans for the money they were awarded on BBC Radio Oxford’s Drivetime Show with David Prever on 27 November 2014.