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Two UK government funding schemes for energy transformation

Businesses in energy-intensive sectors, including pharmaceuticals, steel, paper and food & drink will be able to apply for grants worth up to £14mn through the government’s Industrial Energy Transformation Fund (IETF) – totalling £289mn in funding up until 2024.

In this second competition window, the minimum grant has been lowered to £100,000 for deployment projects, offering more flexibility for small businesses to receive funding so they can speed up getting their ideas to market, says the Department for Business, Energy and Industrial Strategy (BEIS).

With potential projects taking place across the East and West Midlands, North East, North West, and Yorkshire and the Humber as well as Wales and Northern Ireland, the government grants will enable businesses to use new technology to improve the efficiency of industrial processes and thus reduce energy demand. 

This includes factories installing electric motors and heat pumps to replace their gas-fired boilers and steam turbines, manufacturers using heat recovery technology to recycle waste heat and generate renewable electricity, and industries such as the food & drink sector carrying out studies to replace natural gas with hydrogen as their primary fuel.

The IETF window opens for applications on 8 March.

Meanwhile, Energy Minister Anne-Marie Trevelyan has announced the latest round of the Energy Entrepreneurs Fund (EEF), which seeks to drive forward new clean technologies across all sectors of UK industry. Talented energy entrepreneurs have the chance to benefit from a share of £11mn government funding to turn their ideas into real products and services, while eliminating carbon emissions.

This includes innovations that boost energy efficiency in people’s homes, reduce carbon emissions and develop green transport as well as sourcing cleaner and greener ways to generate power and heat.

UK energy entrepreneurs are being urged to bid for the latest funding, which will support between 15 and 20 projects, with each successful bidder receiving up to £1mn, says BEIS.

Previous recipients of funding include CCm Technologies in Swindon, which is working to implement carbon capture innovations in a crisp manufacturing factory; and Leeds-based C-Capture, which has developed processes to capture harmful greenhouse gases, including deployment of its technology at the Drax power station in North Yorkshire.

News Item details

Journal title: Energy World

Subjects: Energy efficiency, Funding,

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