The Government today announced plans for an Energy Technologies Institute,

a new energy and environmental research institute, and for it to become, for Britain, at the cutting edge of science and engineering.

It is expected to cost £1bn, jointly funded by the Government and a variety of energy companies. The firms committed to the project so far include BP, Shell, EDF Energy and EO.N UK. The DTi has promised up to £500m over 10 years, each of the firms have promised £5m per year.

While the centre’s main aim will be to develop sustainable energy solutions and energy saving technology, it will first concentrate on improving fossil fuel efficiency.

Before this announcement, public funding on energy research was half what it was 25 years ago.

Technorati Tags: Energy Technologies Institute, UK, DTi, sustainable energy, energy saving, fossil fuel

This entry was posted on September 14th, 2006 at 10:09 (GMT) and is filed under Alternative Energy, Policy, UK Energy Policy . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.