The newly established Energy Technology Institute (ETI) has announced that the innovative Nova Project will be one of the first recipients of its research funding. The V-wing turbine design, unorthodox in that it is designed to be supported in the air by two giant vertical wings represents a dramatic step forward in green technology design. The government hopes that the V-wing along with other renewable energy sources will soon be supplying energy in to the UK national grid. Recent energy legislation and the establishment of the ETI highlight the government’s desire to meet its green target of reducing greenhouse gas emissions by 80% by 2050.
ETI, made up of BP, Caterpillar, EDF Energy, E.ON, Rolls-Royce and Shell are thought to have around £1.1 billion to dedicate to similar such projects as the V-wing and will be a key driving force behind renewable investment in the near future alongside the proposed feed-in tariff. The Nova project represents a worldwide move towards greener technology. As Lord Drayson, the Science and Innovation minister stated,
“This is evidence of a real shift to green jobs and green engineering”.
Other funding will go towards researching floating offshore wind and tidal turbines around the UK and will contribute greatly to the success of the renewable technology industry in the next twenty years.