UK low carbon technology competition enters phase three
Following the announcement in August by The Department of Business, Energy, and Industrial Strategy (BEIS) of a further £8mln grant funding for the Industrial Energy Efficiency Accelerator (IEEA), and after the two successful phases to date, Phase Three of the competition will now be open for applications until 31 January 2022.
The programme, of which the third phase was announced in August, aims to speed up the adoption of low carbon technologies in industry, and builds on the successful results found in Phases One and Two.
The programme is looking to support the commercial demonstration of innovative technologies that have the potential to cut carbon emissions through reduced energy consumption and/or improved resource efficiency in UK industry.
Part of the £1bln Net Zero Innovation Portfolio (NZIP), the IEEA is a funding programme designed to support partnerships between developers of energy/resource efficient technologies and industrial companies willing to demonstrate the technologies on-site.
The IEEA is open to projects from all UK industry sectors that can demonstrate either a novel process technology (targeting Technology Readiness Level 5-8), or the use of an established process technology in a novel way.
Being part of IEEA Phase Three will allow promising innovators to demonstrate their technology in an operational industrial environment and gain access to incubation and marketing support, helping them to successfully commercialise their technology.
This government support will provide forward looking industrial companies with an opportunity to implement pioneering process technologies with decreased risk and cost, helping to bolster the competitiveness of British industry, and drive UK expertise, exports and jobs.