Energy Technologies Institute is helping the UK meet its 2050 carbon reduction targets through more than $75m in funding in green energy projects planned for 2010.

The institute has provided $53m funding for more than 15 projects in offshore wind, marine, transport, carbon capture and storage, energy storage and distribution and distributed energy in 2009.

Projects to have already received funding include a $15.7m (£11m) plug-in vehicle economics and infrastructure project, a $11.4m (£8m) project to estimate the energy yield of wave and tidal stream arrays and a $7.3m (£5.1m) project to detect causes of faults and component failures in offshore wind turbines.

The ETI has also developed a model to identify technologies that will have the most impact through to 2050 in different demand scenarios, with focus on associated costs and risks of meeting those energy targets.

The ETI will invest $1.6bn over the next ten years to identify and deliver projects that will help the UK cut CO2 emissions, deliver affordable energy and enhance energy security.

ETI chief executive David Clarke said that the first tranche of investment has been made in 2009.

“There is an urgent need to accelerate the development and deployment of low-carbon technologies to meet the UK’s energy targets and support industrial and domestic consumers,” Clarke said.