The Carbon Trust will be running the new £9.2 million Industrial Energy Efficiency Accelerator competition, launched in January by the UK's Department for Business, Energy, and Industrial Strategy.
It has been announced that the Carbon Trust will be running a new £9.2 million Industrial Energy Efficiency Accelerator (IEEA), launched in January by the Department for Business, Energy, and Industrial Strategy (BEIS) to help bolster the global competitiveness of British industry. Co-funding of between £150,000 and £1 million will available to technology developers and industrial companies to support a number of demonstration projects across the UK. The
Accelerator aims to bring in up to £11 million of private sector funding
Over the next four years, the IEEA will aim to lower costs and increase the number of available energy efficient technologies for a range of industrial sectors, through demonstration of near to market innovations. The Accelerator also aims to address both technical and commercial challenges by providing tailored incubation support and co-funding to technology developers and start-ups to drive UK expertise, exports and jobs.
The IEEA is funded by the Energy Innovation Programme, led by BEIS, and will be delivered by the Carbon Trust with support from engineering firm Jacobs and infrastructure specialist AMEC Foster Wheeler.
The industrial sector accounts for 17% of the UK’s total end energy use, which is equivalent to over 20% of total carbon emissions. Through the manufacturing process up to 40% of this energy can be lost due to inefficiency in equipment, mechanical limitations and heat loss. Optimising energy use will deliver important cost savings and also reduce the environmental impact by cutting carbon emissions.
The IEEA will run an open application process until January 2018 to engage with technology developers looking for opportunities to demonstrate near-commercial solutions and to access incubation support.