Industrial Energy Efficiency Accelerator – Funding Opportunity!
The Carbon Trust has launched a new £9.2 million Industrial Energy Efficiency Accelerator (IEEA) to help strengthen the global competitiveness of British industry. Funded by the Department for Business, Energy and Industrial Strategy (BEIS), the IEEA aims to lower the cost of near-market energy efficient technologies for a range of industrial sectors, through demonstration projects.
Open to all UK manufacturing sectors, the IEEA is a technology neutral competition, targeting innovations that can have the largest cross-sectoral impact on energy and carbon reduction. The programme will target partnerships between developers of energy efficient technologies and industrial companies willing to test these technologies on-site. This will allow promising innovators to demonstrate technology in an operational environment, while providing forward-looking industrial companies with an opportunity to implement pioneering technologies at reduced risk and capital cost.
A total of £9.2m in co-funding will be available through the programme, primarily for funding demonstration projects. Successful applicants should expect to receive between 40-60% of total project cost, with IEEA contributions typically between £150,000 and £1 million per project – the remainder to be provided by the applicant. There is scope for a small number of exceptional projects to receive more than £1 million.
Where appropriate, demonstrating sites and technology innovators will also receive project de-risking and incubation support to help them deploy projects, build a sales pipeline, and raise finance.
The competition will be open until August 31 2018.
To find out more about the competition and how to apply, follow this link.