£40 million available through the Industrial Energy Transformation Fund (IETF)
The Industrial Energy Transformation Fund (IETF) will reopen for applications on 8th March with £40 million available across two strands: 1) energy efficiency and decarbonisation studies and 2) deployment of energy efficiency technologies. The IETF is a crucial part of the Government’s strategy for tackling climate change and reaching net-zero by 2050.
IETF energy efficiency and decarbonisation studies
Organisations can apply for funding to carry out feasibility and engineering studies into energy efficiency and decarbonisation technologies. Firstly, this strand aims to help industrial companies build a pipeline of future deployment projects. Secondly, it aims to reduce the costs and risks of either industrial energy efficiency or decarbonisation technologies.
The total eligible project costs for a feasibility study must be at least £30,000 and for an engineering study must be at least £50,000. All projects must start by 1st July 2022 and come to an end before 30th June 2024. A project should last up to 12 months if it is a feasibility study or up to 24 months if it is an engineering study. Additionally, the end-beneficiary of the study must be a single manufacturing site or data centre in England, Wales or Northern Ireland.
IETF deployment of energy efficiency technologies
This competition aims to support the commercial rollout and permanent installation of energy efficiency technologies at industrial sites. Eligible technologies must have been proven to work through successful operations or be qualified through test and demonstration; this corresponds to Technology Readiness Levels of 8, 9 and above.
Innovate UK has provided the following list of eligible technologies for guidance:
- monitoring and management equipment that improves the efficiency of processes
- more efficient heat exchange
- more efficient driers
- energy recovery from waste heat
- energy recovery from waste pressure
- onsite resource efficiency measures to reduce wastage and optimise the use of raw materials
Your project should have a minimum total grant funding of £100,000, start by 1st January 2023 and end by 31st December 2024. At this point, you must have installed and begun to operate (or be ready to operate) the energy efficiency technology. In addition, your project work must be carried out at a single manufacturing site or data centre in England, Wales or Northern Ireland.
Both strands will close on 14th July 2021. For more information, please visit the competition pages: strand 1 and strand 2. If you’d like to discuss a potential application with one of our advisers, contact us today.
IETF: £30m available for energy efficiency and decarbonisation studies
The Industrial Energy Transformation Fund (IETF) is a crucial part of the Government’s strategy for tackling climate change and reaching Net Zero by 2050. It aims to help businesses with high energy use to cut their energy bills and carbon emissions through investing in energy efficiency and low-carbon technologies.
The UK Government announced £315 million of funding in the 2018 Budget, available up until 2024. BEIS will manage the IETF for England, Wales and Northern Ireland, with £289 million to invest over 2 phases. Phase 1 is now open for applications, with up to £30 million available for feasibility, engineering studies and deployment across two strands.
Strand 1: IETF deployment of energy efficiency technologies in industry
In this strand, projects must undertake a feasibility or an engineering study (experimental development) to develop either an energy efficiency or a deep decarbonisation project that enables possible subsequent deployment.
This strand of the competition aims to:
- help industrial companies build a pipeline of future deployment projects by supporting feasibility and engineering studies (experimental development)
- reduce the costs and risks of either industrial energy efficiency or decarbonisation technologies
Strand 2: IETF industrial energy efficiency and decarbonisation studies
In Strand 2, projects must deploy technologies to improve the energy efficiency of industrial processes. Your project must only be possible because of this funding.
Example technologies include:
- improved process control
- more efficient heat exchange
- more efficient drying
- energy recovery from waste heat
- energy recovery from waste pressure
- resource process optimisation
This competition closes on the 28th October. If you are interested in applying, please contact us today to arrange a free consultation.