Industrial Energy Transformation Fund (IETF) Phase 3
Phase 3 Industrial Energy Transformation Fund (IETF) Spring 2024 window which 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.
The Industrial Energy Transformation Fund (IETF) supports industrial sites with high energy use to transition to a low carbon future. The fund targets existing industrial processes, helping industry to:
• reduce energy consumption by investing in more efficient technologies; and
• reduce emissions by bringing down the costs and risks associated with investing in decarbonisation technologies
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 web page when the competition guidance is launched later in January.