Industrial Energy Transformation Fund Phase 3 Spring 2024
Grant funding for feasibility and engineering studies, and deployment of industrial energy efficiency and deep decarbonisation projects.
The Department for Energy Security and Net Zero (DESNZ) has launched the Industrial Energy Transformation Fund (IETF) Phase 3: Spring 2024.
The competition will allocate grant funding for the following project types:
- studies - feasibility and engineering studies to enable companies to investigate identified energy efficiency and decarbonisation projects prior to making an investment decision
- energy efficiency - deployment of technologies to reduce industrial energy consumption
- decarbonisation - deployment of technologies to achieve industrial emissions savings
The IETF Phase 3 budget is £185 million overall. This will be allocated across two competition windows in 2024. DESNZ will allocate funding to the highest quality applications that are submitted in the first window, with any remaining budget allocated in the second window.
The competition is open to businesses of any size with an eligible site in England, Wales or Northern Ireland. Some IETF funding rules may differ for NI-based businesses.
You must submit your application forms by 3pm on Friday 19 April 2024.
Stakeholder events and clinics
DESNZ is running a series of engagement and networking events over the competition window to support businesses looking to make an application.
Fortnightly stakeholder clinics
The stakeholder clinics help businesses planning on bidding for Phase 3 funding by enabling them to speak directly to DESNZ and ask questions around potential bids, scope of the competitions, eligibility criteria, how to apply for funding, the IETF support and information services available, etc.
The clinics are run on a fortnightly basis with the last one taking place on 16 April 2024 - find out more and register for a clinic.
IETF Virtual Technology Marketplace
DESNZ is running a Virtual Technology Marketplace, which offers industrial site owners (eligible manufacturers and data centres) the chance to browse videos showcasing the potential technology that can reduce the energy demand and emissions associated with their industrial processes.
If you are an industrial site owner, by signing up for the Technology Marketplace you will be able to see videos pre-screened to ensure only technologies eligible for the IETF competitions are featured. Covering both energy efficiency and decarbonisation technology areas, they will give manufacturers and data centre owners ideas and contacts for technologies that could be deployed on their industrial sites in England, Wales and Northern Ireland - find out more and register now.
First published 22 January 2024