The Carbon Trust is an independent organisation which helps governments, firms and projects in the adoption and commercialisation of low carbon energy efficient technologies for a more sustainable future.
According to a statement, the Carbon Trust will run the Industrial Energy Efficiency Accelerator (IEEA) programme launched by the UK government through the Department of Business, Energy and Industrial Strategy (BEIS) in January.
The BEIS will through the Energy Innovation Programme direct £9.2 million ($12 million) in investments, toward the implementation of the IEEA over the next four years.
In addition to the £9.2 million, a total of £11 million ($14.4 million) is expected to be invested by the private sector toward the initiative.
The Carbon Trust will be assisted by engineering firm Jacobs and energy infrastructure company AMEC Foster Wheeler in implementing the IEEA.
Energy efficient technologies market
The programme aims to address technical and financial constraints restraining the growth of the UK energy efficiency sector.
For instance, UK-based energy efficiency technology start-ups will receive financial back-up from IEEA which they can use in developing, testing and commercialising their solutions locally, regionally and internationally.
According to a statement, the IEEA initiative will help improve the global competitiveness of the UK energy efficiency sector in addition to reducing consumer energy bills and carbon emissions locally. [ENGIE offer to improve energy management for UK customers].
The programme will help the UK to develop new energy efficient technologies and business cases which, in turn, will help the reduce carbon emissions and grow its economy.
Between 20 and 30 pilot programmes are expected to be deployed under the IEEA initiative over a period of two years, with results of which will be used by regional governments in setting frameworks for deploying tested energy efficient solutions and business cases.
The project is expected to help the industrial sector reduce its energy use. The industrial sector is projected to account for 20% of the UK’s carbon emissions.
Al-Karim Govindji, senior manager of Innovation at the Carbon Trust, commented: The IEEA will run an open application process until January 2018 to engage with technology developers looking for opportunities to demonstrate near-commercial solutions and to access incubation support. Industrial players across a number of sectors will also be encouraged to apply in collaboration with a technology developer to receive support to pilot the best innovations that will have the greatest impact on their operations.”
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