The Department for Business, Energy and Industrial Strategy has kicked off the tender for its industrial energy efficiency incubator project.
First announced in January, the Industrial Energy Efficiency Accelerator will provide £9.2 million over four years to help support the commercial development of technologies capable of boosting energy efficiency within UK industry.
The tender states that it is seeking “industry-specific solutions close to commercialisation” that can leverage private-sector investment to strengthen UK supply chains and ultimately reduce energy costs.
BEIS has established a deadline of 11am 27 March 2017 for submissions, after which four-year tenders will be awarded to successful parties.
The tender follows prime minister Theresa May’s launch of a new industrial strategy in January, within which she pledged to keep energy costs low for British businesses as the country transitions to a low carbon economy.
A central component of this pledge is a yet-to-be-released “roadmap” of how energy bills will be kept as low as possible, however no timeframe has been attached to the document’s publication.