2 million pound award to spark UK shale gas innovation

trees growing on coins
Source: DollarPhotoClub

The UK’s innovation agency the Technology Strategy Board (TSB) and the government’s Department of Energy & Climate Change (DECC) have funded a £2 million award for improved or new techniques to safely produce or explore for shale gas.

The competition is open to UK businesses and will centre on solutions that address environmental management and reservoir monitoring.

Energy Secretary Ed Davey said: “We must explore the benefits and investment shale gas may bring but that should not come at the expense of the environment. Over the past year the scientific evidence has allowed us to conclude that shale production can be managed effectively as long as best practices are implemented and enforced.

“This £2 million funding we have announced shows our continuing commitment to remain at the forefront of new technology and techniques to efficiently and cleanly explore and produce shale gas.”

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