Seven energy efficiency projects are to get à‚£2.7m ($3.5m) from the UK government in an initiative to cut the energy consumption of British industry.
The backing comes via the first phase of an initiative from the Department of Business, Energy and Industrial Strategy’s (BEIS) called the Industrial Energy Efficiency Accelerator (IEEA).
The technologies involved in the seven schemes include waste heat recovery, low carbon cement and integrated energy storage.
UK Energy and Clean Growth Minister Claire Perry said: “We want to make sure businesses take advantage of clean growth by making the most of the assets that they have. That is why we are investing in innovative technologies that can help British industry use less energy, reduce their costs and cut emissions.”
The seven projects will receive a share of the à‚£2.7m from the IEEA, which is a à‚£9.2m programme managed by clean energy accelerator the Carbon Trust and supported by engineering consultancy Jacobs.
The second phase of the programme launches today (1 February) and will run for three months.
The IEEA aims to increase the number of technologies available to British industry to help reduce energy consumption and cut carbon emissions. This intervention is designed to strengthen the global competitiveness of UK industry in sectors including manufacturing, waste processing and data centres.
Government funding has been provided to overcome the risks traditionally associated with deploying new technologies such as the disruption of production lines, capital constraints, lack of evidence for a business case, and prioritisation of core business activities over energy efficiency improvements.
Energy represents a significant cost for UK industry, accounting for 17 per cent of final energy consumption, and is responsible for around one fifth of total UK carbon emissions.
Over time, the IEEA is designed to unlock more than à‚£300m of private sector investment into energy saving technologies, delivering lifetime energy savings in excess of à‚£1bn.
Following an extensive engagement process with industry and technology developers, where more than 100 technology ideas were screened, seven successful applications are today being announced.
The projects have been selected based on energy saving potential and scalability, with particular focus on technologies that can be deployed across multiple industrial sectors.
Paul Huggins, Director Innovation at the Carbon Trust said he was “impressed by the high level of response from technology developers and industrial companies who want to actively engage in accelerating energy efficiency across a range of sectors”.
“Technology innovation can play an important role in helping UK industry to cut energy use, which not only brings a competitive advantage, but also reduces carbon emissions.”
For more information on all seven project, click here.