SBRI: Flex Markets Unlocked Innovation Programme
Department for Business, Energy & Industrial Strategy · United Kingdom
Key facts
- Estimated value
- £2,200,000
- Closing date
- 07 Aug 2023
- Contract starts
- 31 Oct 2023
- Contract ends
- 31 Mar 2025
- Procedure
- Other - Open SBRI
- Buyer type
- Central government
Description
The Flex Markets Unlocked Innovation Programme, of up to £2.6 million, aims to support the design and development of innovative technical solutions that can facilitate system-wide coordination, standardisation, and revenue stacking across multiple flexibility markets (markets within which flexibility can be bought or sold). This will allow a more diverse and competitive marketplace, unlocking flexibility.
The SBRI programme consists of 2 phases:
Phase 1 (up to £600,000 funding available) expects to fund 3 feasibility studies to develop robust technical specifications for proposed technical solutions
Phase 2 (up to £2 million funding available) expects to fund one project to develop and demonstrate their technical solution
Categories (CPV)
- 71314000 Energy and related services
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