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Government announces investment fund in AI for industrial decarbonisation

Industrial decarbonisation can be boosted by AI

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Industrial decarbonisation can be boosted by AI

Overall value of fund is approximately £3.75 million and is split among multiple projects

The government announced earlier today that twelve green AI initiatives will receive a share of £1 million to decarbonise and boost generation of renewable energy,

These include the following:

These are not large sums, but the government will also provide an additional £2.25 million to support further AI innovations with the aim of cutting emissions specifically in energy sectors.

These grants aren't "new" money. They form part of a £1 billion Net Zero Innovation Portfolio that the government announced in 2021.

Minister for Energy Efficiency and Green Finance Lord Callanan said:

"We are unquestionably world-leading when it comes to advanced AI and our track record for decarbonisation.

"This unique position means we must now push the boundaries in how this technology can enhance our rapidly-growing clean energy sector.

"It's projects like those announced today that will take us to the next step on our ambitious journey to becoming net zero, while boosting our energy security and creating a new wave of skilled jobs for the future."

ClimateTech expert Laimonas Noreika, CEO of HeavyFinance said: "AI is set to play a crucial role in tackling the climate change crisis, yet far too many firms lack the funding and support to fully embrace it.

"This new investment is a step in the right direction from the government and will play a crucial role in helping industries like energy, transport, and agriculture to make the most of the latest technology to decarbonise and go green."

The government's Digital Catapult agency, which is part of Innovate UK and supports businesses in progressing their ideas, has also today received up to £500,000 to launch the UK's first Centre for Excellence on AI innovation for decarbonisation (ADViCE).

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