The Ofgem Strategic Innovation Fund (SIF) launches on 31st August 2021 and registration is now open for the online launch event on 7 Sept., 10.30 – 12.00.
The SIF will help shape the future of the gas and electricity networks through innovation. With funding from Ofgem through the price control mechanism, the SIF is expected to invest around £450m in energy network innovation by 2026.
Whilst applications for this first phase must come through energy network operators, other innovative businesses are expected to play an important role as partners and will benefit from attending the launch.
|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.
Four Innovation Challenge areas have been identified:
Any company with potential innovative solutions for the energy networks will want to understand the opportunities that the SIF offers, now and in future.