11 Updates
Williams gets government funding for F1 arm
Photo Credit: Alex Wong, Getty Images

Williams gets government funding for F1 arm

Jul 10 2013, 7:48am CDT | by

Grove (England), July 10 (IANS) Williams Advanced Engineering, the division of Williams that commercialises Formula 1-based technologies, has been awarded a grant from the British government's Energy Entrepreneurs Fund to develop flywheel-based energy storage systems for use in grid stabilisation.

Grove (England), July 10 — Williams Advanced Engineering, the division of Williams that commercialises Formula 1-based technologies, has been awarded a grant from the British government's Energy...

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1 year ago

Williams gets government funding for F1 arm

Jul 10 2013, 7:48am CDT | by

Grove (England), July 10 (IANS) Williams Advanced Engineering, the division of Williams that commercialises Formula 1-based technologies, has been awarded a grant from the British government's Energy Entrepreneurs Fund to develop flywheel-based energy storage systems for use in grid stabilisation.

Grove (England), July 10 — Williams Advanced Engineering, the division of Williams that commercialises Formula 1-based technologies, has been awarded a grant from the British government's Energy Entrepreneurs Fund to develop flywheel-based energy storage systems for use in grid stabilisation.

Up to 16 million pounds will be shared between 30 projects which have been awarded the grant under the first phase of the Energy Entrepreneurs Fund. The funding is part of a 35 million pound fund announced in April 2012 that aims to encourage innovation in the low carbon sector, help bring a range of new and innovative low carbon products to market, create export opportunities and help the United Kingdom meet its carbon targets.

One of Williams Advanced Engineering's key R&D projects is the development of flywheel based energy storage systems.

Originally pioneered by Williams for Grand Prix racing, this technology has since been adapted and introduced into a range of mobile applications outside of Formula 1 such as hybrid buses and Le Mans winning racing cars. Williams is also developing powerful static flywheel systems for the rapid transit (metros, trams and monorails) and electric power stabilisation sectors and it is the potential use of these static flywheel systems in an electric power grid stabilisation role that has received funding from the government's fund.

The technology can help smooth output from and increase penetration of intermittent renewable generation sources, provide fast response frequency regulation and short term demand peak shaving to help strengthen electricity grids.

Speaking about the Energy Entrepreneurs Fund, Energy and Climate Change Minister Greg Barker said: "This new investment will give these organisations the boost they need to drive forward the development of a range of innovative low carbon designs, helping cut costs and bring new technologies to market in this sector. Innovation is vital for the move towards a low carbon economy and it's great to see so many entrepreneurs rising to the challenge. I wish the winners every success with their projects."

IANS

Source: IANS

 
Update
11

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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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