The FLEXIS five-year research programme, supported by £15 million of EU funds and led by Cardiff University, will investigate how flexible energy systems can meet modern-day energy challenges.
Involving collaborations with industry and research organisations in Wales, Europe and worldwide, the scheme will investigate how multiple energy sources can be supplied to consumers through more flexible and efficient systems that integrate traditional and renewable energy sources.
Leading researchers from the UK and Europe will also be recruited to Welsh universities, helping to strengthen Wales’ position as a leader in research and innovation within the energy industry.
The scheme will pave the way for the development of new technologies and job creation in the energy sector, and attract new companies to locate in Wales.
Finance and Government Business Minister, Jane Hutt, said: “Wales is set to benefit from around £1.8 billion of EU Structural Funds by 2020 to support business, innovation, infrastructure, skills, employment, and young people.
This is vital investment for our economy and labour market, and is a crucial source of funding in driving innovative research and the commercialisation of that research, creating sustainable jobs and growth.”