The IEEA has been specifically designed to address the financial and implementation barriers that can hinder large-scale technology demonstrations. Co-funding of between £150,000 and £750,000 is available for the successful applicants to support the large-scale, onsite demonstrations of pre-commercial efficiency technologies on UK industrial sites. Industrial companies and technology innovators need to jointly apply before the end of September 2018. Early applications are encouraged as funding will be awarded to the most promising applications as they are submitted, therefore there is a possibility that all available funding is allocated before September 2018.

Launched earlier this year by BEIS, the IEEA will provide a combination of co-funding and expert implementation guidance. Additional incubation support will also be provided to the technology developers involved in demonstration projects to help them commercialise their solutions more widely.

The industrial sector accounts for 17 per cent [1] of the UK’s total final energy consumption, as well as accounting for over a fifth of national carbon emissions. Today up to 40 per cent of energy can be lost during manufacturing processes due to inefficiency in equipment, mechanical limitations and heat loss. Optimising energy use can therefore deliver important cost savings and competitiveness benefits for industry, at the same time as significantly reducing carbon emissions.

Applications for funding can be submitted from now until September 2018. An expert panel consisting of representatives from BEIS, the Carbon Trust and Jacobs will carry out application reviews following a series of bi-monthly interim competition deadlines.