Formula 1-based energy project zooms ahead
4:00pm Thursday 18th July 2013 in News 
By Andrew Smith, Business Editor. Call me on 01865 425460
HI-TECH engineering firm Williams Advanced Engineering has been given a cash boost for its groundbreaking technology.
The Grove-based business that commercialises Formula 1-based technologies is developing one of 30 green energy projects that will share a ?16m grant from the Department of Energy and Climate Change?s Energy Entrepreneurs? Fund.
The money will be used for further work on its flywheel-based energy storage system, already used in hybrid buses. The company hopes it can be installed on a power grid within two years.
Williams chief executive Mike O?Driscoll said: ?It?s encouraging to see the Government support clean technology entrepreneurs in this way.?
Source: http://www.oxfordmail.co.uk/news/10554721.Formula_1_based_energy_project_zooms_ahead/?ref=rss
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