The renewed and increased ambition of going green and supporting a sustainable future will lead to a significant increase in investments in the renewable energy sector.
Securing a transition to a greener future for businesses is both costly and challenging. The manufacturing and deployment of renewable technologies require a large up-front investment.
The most common renewable energy sources are systems that create power from wind, sun, or water; digestive processes that change waste into biomass; and systems that recycle waste for fuel generation.
Producing these energies push technological boundaries daily. There are incredible advances around renewable energies and impressive companies powering ahead with innovations needed for a low-carbon future.
Whether it’s prototyping, development or experimentation with materials or processes, there’s a variety of activities involved in advancing the science responsible for energy production.
These advances can come from many types of firms such as large-scale solar engineering companies to advanced battery storage manufacturers, wind-farm developers and anaerobic digestor operators.
These following activities that may qualify:
The R&D tax incentive offers additional support for renewables businesses investing in our future.