In January, the Division for Power Safety and Internet Zero (DESNZ) opened purposes for Section 3 of its Industrial Power Transformation Fund (IETF). Aiming to help the event and deployment of applied sciences that allow power intensive companies to transition in direction of a low carbon future, the programme has dedicated a complete of £500m in grants for UK companies, with £185m set to be unfold throughout two home windows in 2024 alone.

Firms have till Friday 19 April to use for funding throughout three distinct areas: feasibility and engineering research to analyze the viability of power effectivity and decarbonisation tasks; programmes to deploy applied sciences with the goal of decreasing industrial power consumption; and funding in applied sciences to realize widespread emissions financial savings.

The competitors, which is open to companies of any measurement with an eligible web site in England, Wales or Northern Eire, will open two software home windows in 2024 – the primary in spring and the second in autumn. The spring window will prioritise sectors which fall into the next Normal Industrial Classification (SIC) 2007 codes: Mining and quarrying (07100-08990 and 09900); manufacturing (10000-33200); restoration and recycling of supplies (383208); knowledge centres (63110); industrial laundries (96010); and managed environmental horticulture (1110, 1130, 1190, 1240, 1250, 1280, 1290, 1300, 1610).

You possibly can entry the appliance varieties, right here. Recipients will probably be introduced later within the 12 months, with remaining funding allotted in the course of the autumn window. In case you’re uncertain about what you are promoting’ eligibility, there may be detailed steerage out there at GOV.UK.

Jodie Eaton, CEO of Shell Power UK, mentioned: “It’s constructive to see this help for the massively vital areas of decarbonisation and power effectivity. The IETF, alongside different funding avenues, will probably be one other step in accelerating nationwide progress in direction of net-zero.

“This can be a vital alternative for eligible main power customers to safe funding to help each their power effectivity and decarbonisation efforts. With funding thresholds of as much as £30m per challenge, it may assist to additional speed up progress in direction of reaching net-zero ambitions.”

As soon as submitted, purposes will bear a complete evaluation led by DESNZ. Alongside total challenge feasibility, grants will probably be awarded primarily based on the potential contribution in direction of accelerating power efficiencies, reaching long-term emissions reductions and delivering long-term enterprise influence.

To search out out extra about how Shell Power may help help what you are promoting with decrease carbon power options, go to www.uk.shellenergy.com. For extra details about the Industrial Power Transformation Fund, go to Industrial Power Transformation Fund (IETF) Section 3: Spring 2024 – GOV.UK (www.gov.uk)