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R&D Tax Credits For Energy Sector Businesses & Innovators

R&D Tax Credits for those within the Energy industry.

UK Green Energy R&D Tax Credits

The UK’s energy sector is constantly evolving to meet the changing demands of the people and industries that rely on it for their functioning. The growing interest and inclination towards utilising renewable energy have also driven more investment and led to an increase in R&D activities in the energy sector. So much so, that the industry contributed 1.5% of annual business expenditure on research and development in 2018.

We specialise in delivering R&D Tax Credits for those within the Energy sector.

These examples demonstrate the diverse range of R&D tax credit claims, rebates & refunds in the energy sector to drive innovation, accelerate the transition to clean and sustainable energy sources, and address global energy challenges and opportunities. If your business is within the energy industry and is involved in any of the following, we could help you make a successful R & D Tax Credit claim: Some of the areas that could qualify include:

Advanced Solar Photovoltaics (PV): Researching and developing next-generation solar PV technologies, such as perovskite solar cells, tandem solar cells, and bifacial modules, to increase efficiency, reduce costs, and expand the deployment of solar energy worldwide.

Wind Turbine Technology: Advancing wind turbine technology through R&D efforts focused on increasing rotor diameter, enhancing aerodynamics, optimizing blade materials, and improving gearbox and drivetrain designs, to maximize energy capture and reduce the levelized cost of energy (LCOE) from wind power.

Energy Storage Systems: Developing energy storage technologies, including lithium-ion batteries, flow batteries, and thermal energy storage systems, to enable grid-scale energy storage, support renewable energy integration, and enhance grid stability and reliability.

Carbon Capture, Utilization, and Storage (CCUS): Researching and developing CCUS technologies to capture CO2 emissions from industrial processes and power plants, transport captured CO2 to storage sites, and utilize CO2 for enhanced oil recovery (EOR) or underground storage in geological formations, to mitigate climate change and reduce greenhouse gas emissions.

Hydrogen Production and Fuel Cells: Advancing hydrogen production methods, such as electrolysis and steam methane reforming (SMR), and fuel cell technologies, such as proton exchange membrane (PEM) fuel cells and solid oxide fuel cells (SOFCs), to enable clean hydrogen production and utilization in transportation, industry, and power generation.

Grid Modernization and Smart Grid Technologies: Researching and developing smart grid technologies, including advanced metering infrastructure (AMI), distribution automation, and demand response systems, to modernize electrical grids, optimize energy distribution, and enable integration of distributed energy resources (DERs) and electric vehicles (EVs).

Nuclear Fusion: Investigating nuclear fusion as a sustainable and carbon-free energy source through R&D efforts focused on developing fusion reactors, such as tokamaks and stellarators, achieving plasma confinement and ignition, and addressing materials challenges and reactor safety issues.

Geothermal Energy Exploration and Enhanced Geothermal Systems (EGS): Advancing geothermal energy technologies through R&D efforts focused on reservoir characterization, drilling techniques, and reservoir stimulation methods, to expand geothermal resource utilization and enhance the efficiency and reliability of geothermal power generation.

Bioenergy and Biofuels: Researching and developing bioenergy technologies, including biofuels, biogas, and biomass power generation, to convert organic waste, agricultural residues, and dedicated energy crops into renewable energy sources, reducing reliance on fossil fuels and mitigating greenhouse gas emissions.

Energy Efficiency and Demand-Side Management: Investigating energy efficiency measures, building retrofits, appliance standards, and demand-side management programs to reduce energy consumption, lower energy bills, and mitigate environmental impact, promoting sustainable energy use and conservation practices.

UK Energy – R&D Tax Credits for the Energy industry

As the focus on climate change and the need to figure out an alternative, renewable energy sources becomes more prominent across the world, the extent of R&D being conducted is only expected to increase in the coming time.

Innovation has always remained at the forefront of all R&D projects within the energy sector. Whether it is trying to harness maximum energy from renewable sources, or creating smart energy meters, this industry has plenty of scope for extensive R&D and innovation. Although several businesses are trying to achieve innovation within the energy sector, not many are aware that their research and development can help them receive funding from the government in the form of R&D Tax Credits.

Energy Industry Related R&D Tax Credit Claims

We specialise in making successful claims for businesses working within the energy sector. Our R&D Tax experts will take time to understand your business and the scope of your R&D, before sitting down to write a compelling claim that can get you maximum cashback for your innovation. We will keep you updated on the progress of your claim, from start to finish and will charge you No Upfront Costs. Lastly, we work on a No-Win-No-Fee basis, so you can trust us to deliver the results you desire.

Energy Industry Innovation

The R&D Tax Credits are one of the best funding incentives you can receive for your energy innovation. Regardless of the scale of your R&D, you can make a successful R&D Tax claim and get a considerable pay-out that can help you take your innovation further. You may be a small business working to overcome a very specific challenge, or a big organisation conducting large-scale energy-related R&D, our team can help you identify all the opportunities that could qualify for R&D Tax Credits. Interested to learn more? Get in touch!

Ready to apply?

If you’re ready to apply for your R&D tax refund, please call us on the freephone number below or use this contact form and one of our helpful team will be in touch to help.


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