The Carbon Trust
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Tom Delay
CEO, Carbon Trust |
“Innovation is vital if we are to make the low carbon economy a reality. We urgently need to accelerate the development and uptake of commercially viable clean energy technologies. The UK is a natural hub for low carbon innovation, with our distinctive scientific and engineering heritage and vast natural resources, such as wind, wave and tidal power.
The Carbon Trust has been at the heart of UK clean technology innovation since 2001 and provides a unique range of expertise, hands-on support and commercial investment to speed up the emergence of essential new low carbon technologies. We partner with innovators
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of all sizes, from academics and start-ups to large industrial companies, and provide a customised range of support from applied research through to large-scale demonstrations.
The scale and pace of change required to deliver a low carbon economy means that significant investment is required and effective collaboration is essential. The Low Carbon Innovation Group brings together three organisations with distinctive capabilities to provide the UK with a world-class portfolio of integrated support for low carbon innovation.. The Energy Technologies Institute, Technology Strategy Board and Carbon Trust have a shared vision to deliver the UK’s energy innovation goals and ensure the UK captures the associated economic and environmental benefits."
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Overview
The Carbon Trust’s mission is to accelerate the move to a low carbon economy. It works with business and the public sector to reduce current carbon emissions. It also reduces future carbon emissions by developing commercial low carbon technologies and identifying market barriers and practical ways to overcome them. It was established in 2001 and is a private company, backed by Government.
The Carbon Trust has a strong track record in commercialising intellectual property (IP) and supports low carbon innovation via an integrated portfolio of activities, including commercially-focused R&D, business development support for early stage companies, expert advice, large-scale demonstrations, venture capital investments, interest-free loans and policy insights. These activities are predominantly funded by DECC via the Environmental Transformation Fund, with around £90m funding over the next three years.
The Carbon Trust also operates internationally, with offices in the US and China and on-going work to create a new Clean Technology Investment Fund with Qatar.
For more information…
The Carbon Trust website (opens in a new window)