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Cable targets green growth

Cable targets green growth

News Release issued by the COI News Distribution Service on 09 February 2012

The location of a new £50 million centre that will accelerate the commercialisation of green technologies was announced by the Business Secretary Vince Cable today.

The Offshore Renewable Energy Catapult will be headquartered at the University of Strathclyde in Glasgow with a second base at the National Renewable Energy Centre (Narec) in the North East of England.

The national centre will focus on technologies for offshore wind, wave and tidal power and is designed to bridge the gap between university research and full commercialisation. It will have a UK wide remit, and build strong links with centres of excellence such as Wave Hub and the marine energy park in the South West of England.

Speaking at the launch of the Catapult in Glasgow, Vince Cable said:

“Our offshore renewable sector can compete on a global scale and has huge potential for growth. If we can harness that we will generate billions of pounds for the economy whilst creating thousands of job opportunities at the same time.

“The Catapult centre will be based in a Scottish world-class centre of excellence, part of a collaboration with a centre in the North East of England.”

Today’s announcement is part of the Government’s investment in a network of Catapult centres across a number of sectors. The £140 million High Value Manufacturing Catapult is now operating across seven locations around the UK. A £50 million Cell Therapy Catapult will be established in London and a Satellite Applications Catapult and Connected Digital Economy Catapult will be set up later this year.

The Catapult centre programme is managed by the Technology Strategy Board as part of a wider support package for innovation.

Iain Gray, Chief Executive of the Technology Strategy Board said:

“Our reputation and expertise in offshore engineering, gained through many years of commercial North Sea oil activity, makes the UK an excellent base for innovation relevant to the emerging offshore renewable energy sector.

“The generation and supply of renewable energy is now a major component of global energy and economic policies. UK businesses have an opportunity to be a significant part in this global industry.”

The Secretary of State announced the decision to create an Offshore Renewable Energy Catapult in Liverpool in May 2011. It is expected to be open by summer this year.

The centre will be delivered by a consortium comprised of the Carbon Trust, Narec and Ocean Energy innovation (itself an industrially led group with strong links into the world class capabilities developed at universities such as Strathclyde and Edinburgh).

Professor Jim McDonald, Chairman of the Energy Technology Board and Principal of the University of Strathclyde, said:

“I am delighted that this truly collaborative bid has been successful. By securing the UK Offshore Renewable Energy Catapult, the country will build on our already globally competitive reputation for advances in renewable technology and deployment.

“Our world-class research base offers distinct advantages and will accelerate industrial innovation. We will help to develop and drive the industry over the coming ten years and beyond.

“We aim to make the ORE Catapult the world’s pre-eminent centre of expertise for rapid development and commercialisation of highly innovative technologies that will substantially reduce the cost of offshore renewable energy.”

Notes to editors:

1) The Technology Strategy Board focuses on the challenges that shape future market opportunities, bringing together innovators in business and research for business benefit.

2) The first Catapult (previously known as Technology and Innovation Centres), in High Value Manufacturing, opened for business in October 2011, less than a year after the Prime Minister announced the £200m+ Technology and Innovation Centre programme. The Catapult in Cell Therapy (to be located in London) is on schedule to open by summer 2012. The Catapult in Satellite Applications, announced in January 2012 is due to open in Autumn 2012. The Connected Digital Economy Catapult was also announced in January and brings the total announced so far to five.

3) The Carbon Trust is a not-for-profit company with the mission to accelerate the move to a low carbon economy, providing specialist support to business and the public sector to help cut carbon emissions, save energy and commercialise low carbon technologies. By stimulating low carbon action we contribute to key UK goals of lower carbon emissions, the development of low carbon businesses, increased energy security and associated jobs. www.carbontrust.co.uk

4) Narec has invested £150 million to create the UK's national translational research centre for accelerating grid integration of renewable energy systems and catalysing the development and deployment of offshore renewables - wind, wave and tidal energy generation technologies. www.narec.co.uk

5) Ocean Energy Innovation comprises Scottish and Southern Electricity, Scottish Power Renewables, Energy Technology Partnership, Advanced Manufacturing Institute (Sheffield), Scottish European Green Energy Centre, European Marine Energy Centre, Scottish Renewables, Scottish Enterprise and Highlands and Islands Enterprise.

6) For more information about the centre, go to www.innovateuk.org

7) BIS's online newsroom contains the latest press notices, speeches, as well as video and images for download. It also features an up to date list of BIS press office contacts. See http://www.bis.gov.uk/newsroom for more information.

Contacts:

BIS Press Office
NDS.BIS@coi.gsi.gov.uk

Matt Barker
Phone: 020 7215 5946
matt.barker@bis.gsi.gov.uk

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