Tuesday, September 20, 2016

Low carbon vehicles win £84m public-private funding boost

Cash injection in low emission technology comes as hydrogen-powered double decker buses, low-carbon powertrains, and lightweight bodywork projects win grant funding

The low-carbon vehicle sector has secured an £84m cash injection to further develop promising clean vehicle technologies such as hydrogen engines, modular combustion systems and energy storage systems for off-road vehicles.

Announced last week at the Low Carbon Vehicle Show, half of the money will come from the private sector and half from government, via the Advanced Propulsion Centre (APC).

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The funding round represents the latest tranche of investment in a 10-year, £1bn co-investment programme between government and industry to deliver advanced propulsion technologies. 

The £84m funding pot will be shared across five projects led by firms including McLaren Automotive, Jaguar Land Rover, Turner Powertrain, and Dearman. Together they are expected to deliver 1,200 jobs and propel the APC to its target of saving 50 million tonnes of CO2.

Climate Change Minister Nick Hurd said the funding will deliver "exciting new opportunities" for the automotive sector.

"The UK is already a global leader in the design, development and manufacture of low emission vehicle technology," he said in a statement. "The funding announced today underlines the government's confidence in this growing sector, which brings with it exciting new opportunities for the automotive industry."

Last week's event also saw the winners of the Low Carbon Vehicle Technology Competition announced. The competition, run by the Niche Vehicle Network with support from Innovate UK, the Office for Low Emission Vehicles and the APC, awarded 50 companies grant funding to continue their work developing pioneering low-carbon vehicle technologies.

Winning projects include a prototype electric double-decker bus fitted with a hydrogen-powered range extender, a new carbon composite for super lightweight vehicles, and a smart low-carbon powertrain for more efficient energy use.

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