Tag Archives: David Cameron

David Cameron at G8 Innovation Conference

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Besides PM Cameron, David Willetts (BIS Minister for Science and Innovation), Sir Richard Branson, Ron Dennis (McLaren) and Thomas Heatherwick (designer of the new London bus) were some of the speakers that shined at today’s G8 Innovation Conference. Main topics discussed: entrepreneurship and innovation, online education, creativity, science and technology. The conference focused especially on how innovation can be encouraged and where the next life-changing opportunities are for business innovation.

Even though there were many more inspiring talks at this international conference, lets focus on some of the key points that PM David Cameron tried to get across today.

1. Innovation is essential to achieve growth and SMEs are THE vehicle, more than bigger traditional companies, to drive this.

2. We need to make Britain one of the easiest places to start, grow and run your business. At present, starting a new venture here is cheaper than in Silicon Valley.

3. We need to recognise that Government has a significant role to play in today’s landscape. Government wants small businesses to account for at least 25% of public procurement and has cut down on the paperwork and created a quick online application channel allowing SMEs to do so.

4. Data is key. Open data allows transparency, accountability and is therefore important for democracy. The data that the Government has is one of the most valuable assets it has to help the economy to grow. Making open data available is hugely valuable and the importance and relevance for businesses should be promoted across Britain.

5. We need to bring people together to allow entrepreneurship and innovation. Tech City, which grew from 200 tech SMEs in 2010 to 1,500 in 2013, is a key example of a hub that drives the British technological footprint.

6. Education needs to embrace innovation. Curriculums should reflect what the industry needs. The ICT curriculum is a prime example of a ‘transformed’ curriculum and maintaining the science budget rather than cutting it has been a supportive decision.

7. The public should be challenged more to come up with innovative solutions such as cures for Dementia or a carbon free flight from London to New York. Government will stimulate the public more to engage in Government funded competitions.

He ended his talk with the following: “WE SHOULD MAKE SURE THAT GOVERNMENT DATA IS AVAILABLE”. We from Connected Liverpool sincerely hope it will be.

 

 

 

Renewable energy wasted because of inefficient current converters

The Department of Energy and Climate Change showed some figures that describe the UK produced 26,000 GWh of electricity in 2010 through renewable energy sources. These sources include wind, biomass, solar and wave generation.

But figures of IQE and XP Power, two British technology companies, show that a lot of this renewable energy produced in the UK is wasted because of inefficient current converters. About 7,600 gigawatt hours of electricity is wasted when converting AC/DC power to the direct current that’s required for electronic devices. The figures show that this is almost a third of the produced ‘renewable’ electricity from all sources in the UK.

In April, David Cameron, Prime Minister, told a group of 23 international energy ministers that the government wants to commit to a ‘green future’ for Britain. This means that they don’t want to rely on fossil fuels. They also want to shut down all but one nuclear power plants by 2023 in the UK and a third of the coal generation fleet must be closed by 2015 because of new EU carbon restrictions.

By 2020, the UK should generate 15 per cent of its energy consumption from renewable energy sources. That’s one of the targets described in the 2009 Renewable Energy Directive set. But Drew Nelson, chief executive of IQE, the compound semiconductor maker, said that the government needs to concentrate its energy policies more on power conservation and less on the costly new electricity generation projects.

He said that the UK’s lack of energy efficiency has a massive impact of the national power strategy. The new forms of energy generation are so expensive but a lot of the energy goes to waste. So it’s better to focus on energy efficiency and power conservation.

So IQE is going to take advantage of the push towards energy efficiency. They have ultra-thin epitaxy wafers that are used in the manufacture of semiconductors, present in power converters and low-energy light-emitting diodes. LEDs use 85 per cent less energy than incandescent bulbs because they produce almost no heat.

And beside the loss of energy because of inefficient converters, 17,000 GWh of power was also wasted in 2009 in the EU because of electrical devices left on standby. That’s the same as 6.8m tones of carbon dioxide. And it’s forecasted that this will grow to 31,000 GWh by 2020.