The Carbon Trust to boost UK efficiency competitiveness
The Carbon Trust will be running a new £9.2 million Industrial Energy Efficiency Accelerator (IEEA), launched in January by the Department for Business, Energy, and Industrial Strategy to help bolster the global competitiveness of UK industry.
The IEEA will spend the next four years trying to lower costs and increase energy efficient technologies for a range of sectors. Technical and commercial challenges will also be addressed, with the Accelerator providing tailored incubation support and co-funding to technology developers and start-ups, driving British expertise, exports, and jobs.
The IEEA project is funded by the Energy Innovation Programme and will be delivered by the Carbon Trust with support from engineering firm Jacobs, plus infrastructure specialist AMEC Foster Wheeler. The funding should unlock a further £11 million of investment from the private sector.
The industrial sector accounts for 17% of Britain’s end energy use, equivalent to around 20% of total carbon emissions. Through manufacturing, up to 40% of this energy can be lost due to inefficiency in equipment, mechanical limitations, and heat loss. Optimising energy use is paramount, and will deliver important cost savings alongside reducing environmental impacts.
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Minister of State for Climate Change and Industry, Claire Perry said: “The Government is investing millions of pounds in new technologies that can help increase energy efficiency, cut energy bills and meet our climate change targets in the most-cost effective way.
“This latest programme is a great example of how reducing emissions and growing our economy go hand-in-hand. It’s part of our Industrial Strategy which provides an ambitious long-term vision for the UK, building on our strengths as a country and supporting the competitiveness of businesses.”
Al-Karim Govindji, Senior Manager Innovation at the Carbon Trust commented: “The global competitiveness of UK industry has never been higher on the agenda. We face a once in a lifetime opportunity to support the industrial strategy to safeguard and create jobs, develop innovative businesses and attract inward investment. For any technology developer, industrial process or plant, owners and operators want to ensure that investments are making a positive impact and driving profitability. Through the IEEA we will work collaboratively with trade associations, industry and technology providers to identify and demonstrate the best innovative opportunities for energy reduction.”
Technology developers looking for opportunities to demonstrate their solutions and find incubation support can apply to be part of the project until January 2018. It is expected that between 15 and 30 pilot project will be selected to receive funding and implementation advice.
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