Team Lotus has extended its engine deal to 2013, the last year of the V8 engine formula.
In addition the team will have KERS for the first time next year on top of its existing deal with Red Bull Technology for the supply of gearboxes.
Like the other new teams Team Lotus has given up lap time this year due to lack of KERS, although not enough to have moved the green cars up the grid.
Team boss Tony Fernandes said: “Having established an incredibly good working partnership since the first days of our agreement we are absolutely delighted that Renault Sport F1 and Red Bull Technology will be playing such an integral role in the ongoing development of our team until at least 2013, and then we are aiming to keep working together when the new rules are introduced.
“They are both passionate, dedicated teams of people with whom we have a growing relationship that is creating a number of exciting opportunities for us for the future. They share our vision for where we want to take our team, and we are very proud to have their power pushing us forward.
“Not only will we be able to build on everything we have learnt through working with Renault and Red Bull Technology in 2011, but we will now have the added benefit of KERS for next year, which really is a major step forward for our team. We have done the very best job we can this year but without that extra power we are always competing on a different level to the teams ahead, so to give our drivers that boost is a key element of helping us catch the cars ahead, and compete with them when we do so.”
Christian Horner added: “We’re very happy to extend the relationship between Red Bull Technology and Team Lotus, which already utilises our gearboxes, to include KERS for 2012 onwards. This endorses the joint venture between Renault Sport F1 and Red Bull Technology, which will continue to develop in the coming months. Hopefully this will enable Team Lotus to build on the significant progress they have already made this season.”
Adam Cooper F1 