Innovation investments top £15.7 million for EIC
The Energy Innovation Centre (EIC) has facilitated £3.2 million of investment in innovation projects in the last 12 months while growing its innovator community to over 1600 companies, the EIC has revealed.
28th April 2016 by Networks
This brings to total investment the EIC has brokered in energy innovation to £15.7m since the EIC was launched in 2008.
The EIC, a partnership between the UK’s electricity and gas distribution networks, also welcomed the Energy Systems Catapult on board this year as an industry partner.
In the last year the EIC has accessed £1.1m of network innovation allowance funding to progress cross-sector collaboration project Futurewave from concept to working prototype.
The project aims to launch a platform to help customers find and install the best home energy solutions.
Project Concur has also successfully completed in the last year. The eight-week feasibility study led by the EIC and supported by seven gas and electricity networks explored opportunities for industry collaboration on customer data strategy.
The centre has also extended its global reach by establishing connections with 110 new innovators from around the world including the USA, Canada, Russia and South Africa.
The EIC’s managing director Denise Massey said: “The strategic collaborative innovation that we’ve instigated has generated added value for the industry and the regulator, Ofgem, by creating debate and tangible outputs that put customers at the heart of the energy distribution industry.
“Our performance puts us in a strong position as we move forward with our two-year growth strategy to become a self-sustaining entity.”
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