Sherwood Power has been accepted onto the Climate Innovation Platform (CIP), managed by the University of Birmingham in partnership with the Energy Systems Catapult. The CIP programme will help 13 companies across the country research, test and grow their energy technologies.
The commercialisation of energy technologies and services is vital if the UK is going to achieve Net Zero by 2050. Supported by HSBC UK and part-funded by the European Regional Development Fund (ERDF), CIP offers businesses a package of tailored support to drive the commercialisation of innovative energy products and services. Over the next 12 months, Sherwood Power will benefit from:
- Access to funding and supply chain networks.
- Access to research expertise and technical support, through the University of Birmingham’s ATETA programme.
- Business development support, workshops and seminars.
- Tailored support from the Energy Systems Catapult, to help the company scale.
- Access to workspace at Tyseley Energy Park in Birmingham.
- Support to initiate new market opportunities.
- Manufacturing support including energy technology R&D and prototyping.
Sherwood Power CEO, Alex Hunter, said: “We have seen a lot of interest from businesses in a number of sectors, which are looking at how they can reduce their reliance on traditional energy sources. Our Free Air Battery is an ideal solution, allowing companies to store excess wind and solar electricity as compressed air, releasing it during expensive periods to reduce the cost of electricity for the business and/or generate revenue.
“By working with specialists through the Climate Innovation Platform, we will be able to support more businesses to lower energy costs by switching to on-site renewable energy. We have big ambitions for our technology, and the CIP programme will help us realise them.”