The funding is available via the Managing Energy on Marine Vessels competition, which is part-funded by the Defence Science and Technology Laboratory and run by Innovate UK.
David Elson, Lead Technologist at Innovate UK commented:
Energy efficiency is one of the biggest challenges facing industry today, on land or sea. I hope this competition encourages businesses already working in this area to see the potential for growth in the marine sector and develop new and exciting innovations in the process.
Find out more about the Managing Energy on Marine Vessels competition
Read about how Innovate UK helped Arcola Energy develop low carbon energy products using hydrogen fuel cells