Monday, September 20, 2010

Green car projects get £24m- United Kindom

The transport secretary has announced £24m value of funding for six projects planned to reduce transport CO2 emissions. The projects mainly focus on innovations such as lightweight composite materials, range extender technology, a review of the efficiency of catalyst formulations and energy recovery systems. The total costs for this projects stands at just under £52m.

It is hoped the technology developed the projects will help the vehicle manufactures stay 'ahead of the curve' when trying to meet future emissions’ regulations. All projects are run by six consortia made up of the companies such as Ford, Lotus, Axeon, Jaguar Land Rover, Mira Ltd., Xtrac, Nissan and BP, and universities including Liverpool and Imperial College London.

The consortia secured the financial support through a competition run by the Technology Strategy Board in partnership with the Innovation Department for Business, and Skills and the Office for Low Emission Vehicles. The Technology Strategy Board says that the projects have a “mainly focus on developing the supply chain” and will work “alongside small to standard sized enterprises, providing support and a potential route to a growing market”.

These projects represents the cutting edge technology which has the potential to transform the way we travel in a way that will stimulate a vital and growing market.