The government has awarded a share of £12 million to help energy-intensive industries cut their carbon emissions and energy costs.
The funding for the 22 winning projects will help businesses across England, Wales and Northern Ireland clean up their industrial processes and improve their energy efficiency.
This £12.4 million funding was awarded as part of the Industrial Energy Transformation Fund (IETF), which has awarded grants to British projects across the country to increase the energy efficiency of their industrial processes, from car manufacturing to steel production and food processing.
The winning bids include Autotech Engineering / Gestamp, a company that specialises in the design, development and manufacture of metals for lighter and safer vehicles. Whereby high-tonnage presses of flat metal sheets typically loses lots of energy through heat and noise, IETF has helped to fund the SERPENT project which is actively capturing and reusing this lost energy. With a reduction of almost 10% already seen in peak power usage during tool changeover, this funding is helping to lower energy consumption and the environmental impact of critical car manufacturing.
Graham Stuart, Minister at the Department for Energy Security and Net Zero said: “Boosting the energy efficiency of industrial processes is a critical step not only in our transition to a lower-carbon economy, but also by helping businesses to cut their energy costs and protect valuable British jobs.
“That’s why the government has stepped in once again to support energy intensive industries, with a fresh funding round to unleash the next generation of green innovators who are re-shaping the way technology can reduce carbon emissions.
“So far, £34.8 million of funding has been awarded through the Industrial Energy Transformation Fund, which was first launched in June 2020.”
Keyword: Funding for energy intensive industries to cut emissions