Mar 2nd, 2023
2 mins
The Department for Energy Security and Net Zero have announced that energy intensive industries are to be allocated further funding as part of the Industrial Energy Transformation Fund (IETF).
The IETF is designed to help businesses with high energy use to cut their energy bills and carbon emissions through investing in energy efficiency and low carbon technologies. The government announced £315 million of funding in the 2018 Budget, available up until 2027.
£12.4 million of government funding has been allocated to the 22 winning projects which include sustainably harvesting food in Carmarthenshire, Wales, through a new air source heat pump system, using revolutionary high temperature heat pumps to reduce the energy needed to heat and cool cheese and reducing emissions in dairy farms across the Midlands.
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