A £26 million EU-backed investment to drive forward the solar energy industry has been announced by Welsh Labour’s Finance and Government Business Minister Jane Hutt.
The funding is made up of £15m of EU funds, £4m from the Engineering and Physical Research Council (EPSRC) and Innovate UK, and £7m investment from Swansea and Cardiff Universities, coupled with crucial investment from industry partners. The funding will support a new phase of research and commercialisation of technology being developed at Port Talbot-based SPECIFIC Innovation and Knowledge Centre.
The EU-backed investment will help SPECIFIC to progress the commercialisation of technologies to transform “buildings into power stations” by enabling them to generate, store and release their own solar energy.
The five-year initiative will support SPECIFIC’s innovative ambitions for the commercialisation of research within the renewable energy sector through demonstration of integrated technologies in buildings across residential and commercial sectors.