BEIS, together with the Canadian government, has announced the finalists for the Canada-UK Power Forward Challenge, which had challenged UK and Canadian innovators to collaborate on smart energy solutions.
On 20 June, it was revealed by BEIS Minister, Chris Skidmore and Canada’s Minister for Natural Resources, Amarjeet Sohi, that four UK projects had been successful, one of which is a first-of-a-kind transactive energy management system to deliver benefits such as optimising economic network investment.
Other projects to be selected in the UK included an innovative energy management automation tool for non-domestic users to increase the efficiency of buildings to cut UK carbon emissions; and a platform that enables electricity data democratisation through interoperability.
A total of £6mn was available for finalists in each country, with each project team having to involve organisations from both countries to receive a funding contribution of up to £1.8mn. In March 2021, a grand prize of almost £800,000 will be awarded to the highest performing solution.