Industrial Energy Transformation Fund – Phase 2 Webinar

The Department for Business, Energy and Industrial Strategy (BEIS), in collaboration with Innovate UK KTN, will be hosting an online competition briefing webinar on the 8th June 2022 to share details of the new Industrial Energy Transformation Fund (IETF) Phase 2: Summer 2022 competition window of funding.

The IETF supports businesses with high energy use to transition to a low carbon future, and to cut their bills and emissions through increased energy efficiency and decarbonisation. It is a crucial part of the Government’s strategy for tackling climate change and reaching Net Zero by 2050. It complements other government programmes that offer innovation and early demonstration support, such as the Industrial Energy Efficiency Accelerator and Industrial Hydrogen Accelerator (part of the Net Zero Innovation Portfolio) and will help to transform an important part of the UK economy.

The new Phase 2 competition window for England, Wales and Northern Ireland opens on 30th May 2022 and runs until 9th September 2022 and is worth up to £70 million in funding. It will be available in the form of a grant scheme and will fund:

• Feasibility and engineering studies for potential deployment projects that will deliver energy efficiency or decarbonisation benefits if implemented, enabling decision-makers to make informed investment choices
• Deployment of mature energy efficiency technologies that improve industrial energy efficiency and reduce energy demand (TRL 8-9)
• Deployment of deep decarbonisation technologies that reduce carbon emissions associated with the industrial process (TRL 7-9)