Ofgem and Innovate UK have today announced the launch of a £500 million energy fund.

Ofgem’s Strategic Innovation Fund opens for applications on 26th May and aims to attract projects that focus on upgrading the energy network – bringing them to trial or launch. Delivered in partnership with Innovate UK, the SIF is funded by Ofgem.

Five innovation challenges, recommended by the Energy Networks Innovation Taskforce and endorsed by Ofgem, set out the core priorities for the coming five-year RIIO-3 price control period.