Business energy prices and domestic bills could be lowered with new funding for research into technology and energy-efficient techniques.
The Engineering and Physical Sciences Research Council has joined forces with the Technology Strategy Board and a range of private organisations to provide a total fund of £20 million that will be used to carry out new studies, reports Energy Efficiency News.
Research will focus on projects to develop new kinds of building insulation, as well as looking into new ways to generate renewable energy.
Ian Pearson, the science and innovation minister, told the website: "[The investment] will enable innovative materials technologies such as advanced building insulation and materials for energy-efficient tidal turbines to be developed to meet the challenges we face in energy generation, conservation, storage and transmission."
Existing research projects involve work on a new natural fibre insulation system and photovoltaic architectural glass being developed by Bangor University and manufacturer Polysolar respectively.
Cavity wall and loft insulation is seen as being among the best ways to reduce energy supplier bills.
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