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The Floating Wind Technology Acceleration Competition is providing grant funding for projects that support technologies to help the floating offshore wind industry reach its full potential.
The floating wind sector, where turbines are constructed on floating structures, is at an earlier stage of development than other offshore wind, and a number of challenges need to be overcome in order to allow large scale deployment of this technology.
According to the Carbon Trust, the scale of opportunity in floating offshore wind is significant. By 2030, it estimates that a further 12GW of floating wind capacity could be built globally, requiring around £32.4 billion of capital investment.
For this competition, £1 million of grant funding is available, with up to £250,000 being provided for individual projects taking place in 2019 and 2020. The Carbon Trust expects to support between four and ten projects in total.
Funding can be used to support technology development across a range of Technology Readiness Levels (TRLs) from early stage proof-of-concept or lab testing, to supporting the delivery of an operational prototype or full-scale demonstration (TRLs 3-7).
The competition is open to private companies, not-for-profit organisations and academic institutions, both in the UK and internationally. Entries from single companies and consortia are welcome.
The deadline for applications is 5 November 2019.
Floating Wind Technology Acceleration Competition
For further information on how to obtain this grant locally, please contact the following:
27-45 Stamford Street
Tel: 020 7170 7000
Email: [email protected]
Source: GRANTfinder an idox solution
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