Two Oxfordshire businesses have won almost £1m of funding between them for their low carbon energy projects, which turn buildings into power stations, and convert CO2 into fertilisers.

Oxford PV and CCM Research are two of 19 projects that have been awarded a share of £9m available through the third phase of the government's Energy Entrepreneurs’ Fund (EEF), which helps small and medium-sized businesses to bring low carbon products to market.

Oxford PV has developed thin-film solar cells which can be printed directly onto office windows to produce a transparent, coloured coating. The technology can provide a significant percentage of a building's electrical requirements directly from solar energy, turning the building into its own power station.

CCM Research’s technology captures CO2 from fossil fuel power plants and energy intensive industries including waste management companies, and converts it into fertilisers and other chemicals which can be used in agriculture and energy storage as well as other sectors.

Energy and climate change minister Amber Rudd said: "As the nation that is leading the way in tackling climate change, it is important that we support small and medium sized businesses get their innovative energy projects off the ground.

"It is fantastic to see local businesses in Oxfordshire benefit from the funding and I hope more will apply for the latest round. We will all see the benefits of low carbon energy in terms of increased energy security and affordable, low carbon electricity – carbon capture and storage for example could be one of the most cost effective ways to decarbonise our future energy system."

Through EEF grants received so far, 70 businesses have been able to create or support an estimated 290 jobs and stimulate £26.6, of private sector investment. Private investors have provided a further £10.2m of funding to date.

The fourth round of the EEF has now been launched with £5m available.

Source: Insider Media <http://www.insidermedia.com/insider/south-east/128828-duo-awarded-1m-low-carbon-funding>