Businesses can seek up to £10m in assistance from the government to support energy efficiency technologies like building control systems, advanced lighting systems, and space heating and cooling technologies.
An additional £6m will be made available for power generation and energy storage technologies that include fuel cells, biomass boilers and heat pumps.
UK energy and climate change Minister Greg Barker sought to highlight the importance of low carbon innovation for the country’s green economy.
"This investment will help entrepreneurs with novel ideas get designs off the drawing board and into our homes and businesses, helping cut carbon and spur on growth in this exciting market place," said Barker.
The funding is looking to speed up both the development of low carbon technologies as well as commercializing them, thereby helping cut carbon emissions in the UK.
Second phase of the scheme will be launched in early 2013, wherein the remaining £19m will be made available.
