Thursday 19 May 2022 9:30am to 11:00am
Online
About
Phase 4 of the IEEA will open for applications on 19 May. Join the Carbon Trust briefing and networking event to find out more about how to apply for the programme and to connect with other promising innovators and/or forward-thinking industrial sites to discuss potential opportunities for partnering via the IEEA.
Industry is the third largest emitting sector in the UK, representing 15% of the total greenhouse gas emissions. Speeding up the adoption of low carbon, energy and resource efficiency technologies is key to delivering UK’s Net Zero targets, while bringing cost savings and bolstering competitiveness.
The BEIS IEEA supports partnerships between developers of efficient technologies and industrial companies willing to trial innovations on-site. A further £8 million of funding has been made available through the IEEA programme for 2022-2025.
The IEEA is funded through the Net Zero Innovation Portfolio (NZIP), a £1 billion fund to support the development and adaptation of low carbon technologies and systems across industry, power and the built environment. It is anticipated that the BEIS IEEA funding will unlock up to £8-10 million of additional investment from the private sector to support the demonstrations
If technologies demonstrated in Phases 1 & 2 of the IEEA are fully adopted, it could lead to 40.5TWh of energy saved by 2031,which is enough to power 12% of the UK's electricity consumption for one year (2019).