Industrial Energy Transformation Fund Phase 3 – Briefing

Innovate UK KTN, on behalf of the Department for Energy Security and Net Zero (DESNZ), will host an online briefing event to share details on the Phase 3 Industrial Energy Transformation Fund (IETF) Spring 2024 window.

This will support industrial sites in England, Wales and Northern Ireland to decarbonise their industrial processes through the permanent deployment of energy efficiency and deep decarbonisation technologies.

About the Phase 3 competition

The Spring 2024 competition window opens on 29 January 2024 and closes on the 26 April 2024. It provides capital investment in the form of a grant to industrial sites, such as manufacturing, mining, quarrying, material recycling and data centres, both within and outside the industrial clusters, to transition to a low carbon future.

The competition will provide grant funding towards the costs of:

• 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 7-9)
• Deployment of deep decarbonisation technologies that reduce carbon emissions associated with the industrial process (TRL 7-9)

For more information on the new IETF Phase 3: Spring 2024 please visit the gov.uk webpage when the competition guidance is launched later in January.

The briefing webinar will include an opportunity to:

• Hear about the scope of the competitions in more detail and how to apply
• Learn about the eligibility criteria
• Hear about the IETF support and information services available for businesses