CHESHIRE firm EA Technology has secured funding to help it develop new ways of saving energy.

Its EA Technology Ventures arm has won a “significant” investment from the North West Business Investment Scheme (NWBIS), a fund managed by YFM Private Equity.

The business will use the funding to commercialise technology it says could help the UK reduce its dependence on coal-generated power, as well as new systems to protect power supplies.

EA Technology chief executive Robert Davis said: “This gives us the opportunity to release the pockets of ideas we currently hold, but have not previously had the resources to commercialise.

“EA Technology Ventures opens up opportunities to develop innovative and revolutionary products, taking them past the proof of concept stage and into the mainstream market. It will provide an opportunity to get off the ground some of the most exciting new ideas in energy-related products and services.”

George Lilley, managing director of EA Technology Ventures, said: “We intend to reach out to the inventor community to continue to unlock new ideas that might be in the early stages of development.”