The Carbon Trust is to run the government’s new £9.2 million industrial energy efficiency initiative.
The four-year Industrial Energy Efficiency Accelerator (IEEA) aims 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.
Co-funding of between £150,000 and £1 million is available to technology developers and industrial companies to support a number of energy-saving demonstration projects across the UK.
The funding is expected to unlock a further £11 million of investment from the private sector.
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 will be able 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 able available for those industrial firms already engaged with a technology developer and looking for funding and advice to help run a demonstration.
The industrial sector accounts for around 17% of the UK’s total energy use, equivalent to more than 20% of carbon emissions.
According to the Carbon Trust, up to 40% of this energy can be lost through the manufacturing process due to inefficiency in equipment, mechanical limitations and heat loss.
Al-Karim Govindji, Senior Manager Innovation at the Carbon Trust said: “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 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.
Between 15 to 30 pilot projects will be selected to receive funding and implementation advice.