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Underwater kites set to power all households in city the size of Newcastle by 2020

Carbon Trust provides £350,000 grant for first seagoing trials of innovative tidal energy device.Tidal energy  device developer Minesto UK Ltd is receiving a grant of up to £350,000 from the Carbon Trust funded by Invest Northern Ireland to deploy the first seagoing prototype of its innovative seakite technology – ‘Deep Green’. The device works like a kite, tethered to the seabed, which flies through the sea current carrying a turbine. If trials are successful, Minesto plans to deploy enough

Runcorn company leads the way in world class fuel cell technology

Breakthrough technology developed by UK company could make hydrogen fuel cell cars a mass-market reality, says Carbon Trust.A world-leading new fuel cell technology developed by a small business in Runcorn has been selected for a £1million investment by the Carbon Trust as part of its Polymer Fuel Cell Challenge. ACAL Energy’s new approach means that for the first time, hydrogen-powered fuel cells  could be affordable enough to be used in mass market applications such as cars – enabling

UK Cleantech Entrepreneurs are Confident of Green Growth

77 per cent plan to expand workforce in next 12 months but access to finance is key to growthThe UK’s cleantech  companies are feeling optimistic about the future, according to new research released today by the Carbon Trust. Defying the wider economic uncertainty, the UK’s cleantech companies have become more confident about their prospects in the last year with more than three quarters (77 per cent) looking to recruit in the next 12 months and over a third (37 per cent) planning to expand into new export markets in the

Carbon Trust Guide Helps SMEs Benefit from UK's Green Growth

Small and medium-sized businesses across the UK can benefit from advice on how to unlock their potential for green growth thanks to a new guide on green business  released by the Carbon Trust.The market for green goods and services is already valued at £112 billion in the UK alone and the Carbon Trust believes that SMEs can profit from accelerating growth in the green economy. However, recent research from the Carbon Trust shows that not all small businesses are aware of the opportunities. More than half of the UK's

Carbon Trust Research Confirms Role of Offshore Wind in UK's Green Growth

Growth of up to 10% per year with up to 230,000 jobs in 2050New economic analysis released by the Carbon Trust reveals that the global offshore wind sector is set to grow by up to 10 per cent per year and the Carbon Trust expects the UK to capture around a 10% share of the global offshore wind market, which is estimated to be worth up to £170bn/year (1) by 2050. The new analysis also concludes the sector could be employing up to 230,000 people in the UK by 2050. The research examined the potential of offshore wind to drive green growth in the UK, based on global deployment levels of up

Only 7% of the Public Believe Company Claims of Action on Climate Change

66% of the public question authenticity of company climate change claimsBusinesses risk facing a costly backlash due to consumer mistrust of firms’ claims of action on climate change, according to new research commissioned by the Carbon Trust and supported by global brand analysis, from BrandZ.The research revealed that 90% of the public want firms to commit to the average 3% per year emissions cut required for the UK to meet 2050 climate change targets.  Consumers cite the threat of climate change, which polled as the greatest issue facing the environment, as the root of the heightened

Carbon Trust secures £1.9m of new funding from regional growth fund

Responding to news that the Carbon Trust has been successful in its application for funding to the first round of the Regional Growth Fund Benjamin Sykes, Director of Innovation said:“We are delighted that our bid to fast track the uptake of energy efficiency  within the industrial sector has been backed with £1.9m of new Government funding. As a result of this award we have secured a further £2.1m of private sector co-funding from 34 companies and Universities. The £4m of total project funding will be run in 11

The Carbon Trust and Siemens launch new green finance deal worth £550 million to green businesses in the UK

A joint partnership between the Carbon Trust and Siemens to provide UK businesses with green equipment finance worth up to £550 million over the next three years has been announced today.This major new deal will boost green growth and unlock business investment in the low carbon economy  – key to the UK’s recovery. The new dedicated low carbon finance scheme is a first and will enable UK businesses to invest in cost effective energy efficiency equipment or other low carbon technologies, such as new efficient lighting and biomass heating.

Carbon Trust provides £350,000 grant for first seagoing trials of innovative tidal energy device

Underwater kites set to power all households in city the size of Newcastle by 2020Tidal energy  device developer Minesto UK Ltd is receiving a grant of up to £350,000 from the Carbon Trust funded by Invest Northern Ireland to deploy the first seagoing prototype of its innovative seakite technology – ‘Deep Green’.  The device works like a kite, tethered to the seabed, which flies through the sea current carrying a turbine.  If trials are successful, Minesto plans to deploy enough devices

Green growth holds the key to West Midlands’ recovery

But businesses must act to convert ‘potential’ into ‘profits’  Green economy is set to grow by 25% in next four years Yet just 1 in 5 local businesses recognise opportunity to boost profits And only 1 in 4 are investing in greener products and servicesCompanies in the West Midlands need to wake up to the power of the green economy to promote sustainable growth and economic recovery, says the Carbon Trust as it launches its ‘Green Growth’(1) campaign in Birmingham today.  The Carbon Trust commissioned independent research which found that: · while most business decision-

The Carbon Trust  : Britain’s business leaders believe the UK is lagging behind Germany in the race to capitalise on green business opportunities.

A  Carbon Trust investigation reveals that three times as many top UK decision makers believe Germany is better prepared than Britain to take advantage of the £3.2 trillion global environmental market.  The research coincides with the launch of a new Carbon Trust ‘Green Growth’ campaign backed by business leaders including;  Ian Cheshire of Kingfisher; Lord Sharman of Aviva; Mark Elborne of GE, and Richard Evans of Pepsico UK & Ireland.CEO of the Carbon Trust, Tom Delay said: “Green growth is the only show in town. No other sector can drive the recovery. The consequences of British

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