£4m boost for offshore wind innovation

Four businesses have been awarded more than £4million in government funding to help lower the cost of generating offshore wind energy.

Announced today by Energy and Climate Change Minister Greg Barker, the grants have been awarded to 2-B Energy, High Voltage Partial Discharge, SgurrControl and Ocean Resource. The companies will use the funding to streamline the design and installation of offshore wind turbines, which could lead to significant reductions in the cost of offshore wind. For example, the 2-B Energy project has the potential to bring down the cost of offshore wind by as much as 35%. Barker said: "The benefits that offshore wind can bring are clear – from enhancing our energy security, reducing our dependence on imports and helping reduce our carbon emissions. "Innovation is critical to cutting the cost of this low carbon power source, which could in turn lead to lower bills for hardworking consumers. I wish the winners every success with their projects."