Co-funding of between £150,000 and £1 million is available to technology developers and industrial companies over the next four years to support a number of demonstration projects across the UK.
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 funding is anticipated to unlock a further £11 million of investment from the private sector to support the demonstrations.
The industrial sector accounts for 17 per cent of the UK’s total end energy use, which is equivalent to over 20 per cent of total carbon emissions, according to a report Meeting Carbon Budgets: Closing the policy gap delivered to the Parliament Committee on Climate Change in June this year. Through the manufacturing process up to 40 per cent 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.
Minister of State for Climate Change and Industry, Claire Perry said: “This latest programme is a great example of how reducing emissions and growing our economy go hand-in-hand. It’s part of our Industrial Strategy which provides an ambitious long-term vision for the UK, building on our strengths as a country and supporting the competitiveness of businesses.”
Al-Karim Govindji, Senior Manager Innovation at the Carbon Trust commented: “The global competitiveness of UK industry has never been higher on the agenda. We face a once in a lifetime opportunity to support the industrial strategy to safeguard and create jobs, develop innovative businesses and attract inward investment.
"For any technology developer, industrial process or plant, owners and operators want to ensure that investments are making a positive impact and driving profitability. Through the IEEA we will work collaboratively with trade associations, industry and technology providers to identify and demonstrate the best innovative opportunities for energy reduction.”
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. Industrial players across a number of sectors will also be encouraged to apply in collaboration with a technology developer to receive support to pilot the best innovations that will have the greatest impact on their operations. A ‘fast track’ process is also available for those industrial companies already engaged with a technology developer and looking for funding and advice to help run a demonstration.
It is anticipated that between 15 and 30 pilot projects will be selected through the competitive application process to receive funding and implementation advice. At the end of the two year pilot phase results from each of the projects will be incorporated into sector guides and presented through a series of regional events.
Further information on the IEEA and details of the open call and workshop dates are available at www.carbontrust.com/IEEA