Trade and Industry
John Hemming (Birmingham, Yardley, Liberal Democrat)
Ian McCartney (Minister of State (Trade & Investment), Department of Trade and Industry, Minister of State (Trade & Investment), Foreign & Commonwealth Office; Makerfield, Labour)
Phase one of the OM Energy project has progressed well with its objectives being fully met including academic validation of the technology; the establishment of a UK company; the securing of private seed capital investment; the filing of a worldwide patent; and the design of a next generation laboratory prototype. Phase two will begin shortly and discussions are under way with top UK engineering firm to evaluate potential market applications and the design of commercial prototype.
Government support has been effective because much of this activity was achieved with assistance from UK Trade and Investment's Global Entrepreneur Programme. This has seen the formation of a pioneering UK company, developing an exciting technology in the renewable energy sector.