New Energy Technology Institute in the UK

Partnership with energy giants

The UK Department of Trade and Industry (DTI) has announced the creation of the Energy Technology Institute. This is a new energy and environmental partnership dedicated to researching energy technologies. The primary reason for its creation is the urgent need to accelerate the development of secure, reliable, and cost-effective low-carbon energy technologies for commercial deployment.

DTI has entered into an agreement with four of the world’s largest energy and service providers: BP, Shell, EdF Energy, and E.ON UK. DTI itself will provide £500 million.