Estimated reading time: 3 minutes
The UK government announced £12.4 million in funding for 22 energy-intensive industries across England, Wales, and Northern Ireland, in an effort to help cut their carbon emissions and reduce their energy costs. This funding is part of the Industrial Energy Transformation Fund (IETF) and will be awarded to businesses in various sectors, including pharmaceuticals, steel, paper, and food and drink.
The winning projects aim to clean up industrial processes and improve energy efficiency. For example, a new air source heat pump system will be used to sustainably harvest food in Carmarthenshire, Wales, while a new system for capturing waste heat in South Yorkshire will be used to dry, heat, crush, and grind materials for roadmaking. Another winning project will use high-temperature heat pumps to reduce the energy needed for heating and cooling cheese in dairy farms across the Midlands.
The industry is responsible for a significant portion of the UK’s emissions, accounting for 16% of the total. With the UK government’s target to achieve net zero emissions by 2035, the need for the industry to reduce its emissions by two-thirds is imperative. The funding from the IETF will play a critical role in helping to achieve this goal.
This investment will not only benefit the environment but also help businesses save money on their energy bills and protect jobs. By reducing their reliance on expensive fossil fuels, such as gas, and decarbonizing their industrial processes, businesses will be able to reduce their carbon footprint while also improving their bottom line.
The Industrial Energy Transformation Fund, launched by the British government in June 2020, has made great strides in supporting energy-intensive industries to transition to a lower-carbon economy. The fund has awarded £34.8 million in funding to green innovators who are pushing the boundaries of technology to reduce carbon emissions and help businesses save energy costs.
According to Graham Stuart, Minister at the Department for Energy Security and Net Zero, boosting the energy efficiency of industrial processes is crucial for a number of reasons. Firstly, it helps to mitigate the effects of climate change by reducing carbon emissions. Secondly, it enables businesses to cut their energy costs, which is good news for both their bottom line and the valuable jobs they create.
The fresh funding round is a testament to the government’s commitment to supporting the transition to a greener economy. It shows that they understand the importance of investing in green technology and supporting the next generation of innovators who are reshaping the way we think about energy.
Source: Gov[Dot]UK
Latest Stories
Lok Sabha Elections 2024: As India prepares for the 18th Lok Sabha and Legislative Assembly elections across four states, the Election Commission of India (ECI) is primed to oversee the biggest festival of…
Click here to Read more
Mathura Road: Commuters in Delhi are urged to exercise caution and plan their routes accordingly as a car breakdown on Mathura Road near Sarita Vihar Metro station is likely to cause traffic disruptions.…
Click here to Read more.jpg "PepsiCo Commissions Gorakhpur Plant Less Than a Year After CM Yogi Lays Foundation 3")
In a significant development, PepsiCo has swiftly brought its Gorakhpur plant to fruition, less than a year after Chief Minister Yogi Adityanath laid its foundation. This monumental accomplishment marks the largest investment by…
Click here to Read more
Ever since the firing incident outside Salman Khan’s house, concerns have been high among his fans, family, and industry friends. Following the incident, his siblings visited his Bandra home, and recently, his close…
Click here to Read more.jpg "Lok Sabha Elections 2024: Congress Announces Candidates for Odisha 5")
The All India Congress Committee (AICC) has unveiled the list of candidates set to contest in the Lok Sabha elections 2024 from Odisha, gearing up for the upcoming fourth phase of polling slated…
Click here to Read more
Today marks the 32nd birthday of Indian cricketer and Lucknow Super Giants' captain KL Rahul. Actor Suniel Shetty extended his wishes to his son-in-law. He shared a picture on Instagram featuring himself, his…
Click here to Read more
Arunachal Pradesh Chief Minister Pema Khandu commemorated World Heritage Day by celebrating the state's rich cultural legacy, emphasizing the importance of preserving and cherishing its heritage sites. In a statement, Chief Minister Khandu…
Click here to Read more
Arjun Kapoor celebrated the 10th anniversary of his film "2 States" by sharing a video on Instagram. With the caption "Countless Emotions," Arjun's emotional tone in the video suggests deep sentiments. Co-starring Alia…
Click here to Read more
Expressing grave concern over the recent onslaught of heavy rains in Gulf countries, Chief Minister of Kerala, Pinarayi Vijayan, has called for urgent assistance to those affected. With a year's worth of rain…
Click here to Read more
Raj Kundra: In a significant development, the Enforcement Directorate (ED), Mumbai Zonal Office, has taken action by provisionally attaching immovable and movable properties worth Rs. 97.79 Crore belonging to Ripu Sudan Kundra, popularly…
Click here to Read more
Sana Sayyad, known for her consistent work in TV shows, has always kept busy with her acting projects. Despite her packed schedule, she has managed to entertain viewers with her talent without taking…
Click here to Read more
On April 18, 2024, at 13:13:37 IST, the tranquil region of Xizang experienced a seismic event measuring 4.3 on the Richter scale, as per the National Center for Seismology. Situated at a depth…
Click here to Read more
Arti Singh's Pre-Wedding Rituals: Arti Singh, the popular star of Bollywood actor Govinda's family and comedian Krushna Abhishek's sister, has earned fame in the TV industry. Having appeared in several TV shows, including…
Click here to Read more.jpg "Lok Sabha Election: Enthusiasm and Confidence Evident at Amit Shah's Kalol Roadshow 14")
Lok Sabha Election: In the heart of Gujarat's political landscape, Gandhinagar resonates with fervor as Lok Sabha Election activities intensify. Amidst the bustling streets, a palpable sense of enthusiasm and confidence permeates the…
Click here to Read more
Showstopper Look: Kriti Sanon graced the ramp as the showstopper for designer Manish Malhotra's heritage fashion show in Kashi. She, along with Ranveer Singh, closed the show on the Banaras ghats, adorned in…
Click here to Read more.jpg "Lok Sabha Election: BJP President JP Nadda Rallies Support in Kokrajhar, Assam 16")
BJP National President JP Nadda stirred enthusiasm among supporters during a public rally in Kokrajhar, Assam, ahead of the forthcoming Lok Sabha election. Addressing a diverse audience, Nadda expressed gratitude for the overwhelming…
Click here to Read more
Bollywood actor Anupam Kher recently shared a heartwarming video where he distributed sweaters, lovingly made by his mother Dulari, to children. In the video, he urged the children to thank Mother Dulari for…
Click here to Read more
Lok Sabha Election: The Bharatiya Janata Party (BJP) has made a decisive move in Maharashtra's political arena by nominating Narayan Rane as its candidate for the Sindhudurg-Ratnagiri constituency in the upcoming Lok Sabha…
Click here to Read more
Following the success of "HanuMan," Teja Sajja joins forces with director Karthik Gattamneni for a new pan-India film titled "Mirai" [3D]. The title glimpse has been unveiled, generating excitement among fans. Starring Teja…
Click here to Read more
Madhya Pradesh Deputy Chief Minister Rajendra Shukla commemorated the death anniversary of the esteemed revolutionary Damodar Hari Chapekar, acknowledging his pivotal role in the Indian independence movement. Damodar Hari Chapekar, alongside his brothers…
Click here to Read more
The highly anticipated trailer for "Gabru Gang," a thrilling sports drama, has been unveiled by the team. Scheduled for release on April 26, 2024, the film promises to captivate audiences with its gripping…
Click here to Read more
Telangana: A missionary school in Telangana's Mancherial district, Blessed Mother Teresa High School in Kannepalli village, became the center of controversy after a mob vandalized the premises and manhandled staff members. The incident…
Click here to Read more
ISRO Chairman S Somanath has declared India's commitment to ongoing lunar missions until an Indian astronaut achieves a historic landing on the Moon's surface. Speaking at an event in Ahmedabad hosted by the…
Click here to Read more
Amidst her busy schedule filming "Singham Again," actress Deepika Padukone took a moment to share a glimpse of her creative side with fans. Posting a picture on Instagram, she showcased a piece of…
Click here to Read more
Living in metropolitan cities offers numerous job opportunities and a perceived better quality of life, but it also comes with a significant financial burden. A recent post by Pritesh Kakani, an alumnus of…
Click here to Read more
The National Testing Agency (NTA) has issued a crucial update for candidates appearing for the BHU Varanasi Nursing Officer recruitment exam 2024. In a tweet, NTA stated, "Attention Nursing Officer candidates! Provisional Answer…
Click here to Read more
Aditi Rao Hydari, who is set to star in Sanjay Leela Bhansali's upcoming film "Heeramnadi: The Diamond Bazaar," celebrated her fiancé Siddharth's birthday with a touching Instagram tribute. She shared unseen monochrome photos…
Click here to Read more
Nestle, a global food and beverage giant, faces scrutiny after a report by "Public Eye" and IBFAN revealed discrepancies in the sugar content of its infant milk products across different regions. While Nestle's…
Click here to Read more
Bellamkonda Sai Sreenivas, currently engaged in his 10th film, has recently secured another thrilling project. The announcement of this new film coincided with the auspicious occasion of Sri Rama Navami. Produced by Sahu…
Click here to Read more
Jiya Shankar Celebrates Birthday: Jiya Shankar, known for her stint in ''Bigg Boss OTT 2'', faced tough times with her mother's illness. However, last week brought relief as she updated fans on her…
Click here to Read more
The construction of the highly anticipated International Cricket Stadium in Kashi is making significant strides, with the ₹400 crore project progressing rapidly. Despite its scale and complexity, the stadium is on track to…
Click here to Read more
A disturbing incident unfolded at a North Carolina high school, where a student was arrested for assaulting a teacher while fellow classmates filmed and laughed. The teen now faces three misdemeanor charges for…
Click here to Read more
Tejasswi Prakash, a popular television actress and fashion icon, continues to turn heads with her impeccable style. Recently, she wowed her fans on social media by sharing photos of herself in a stunning…
Click here to Read more
A dramatic rescue unfolded in the vast expanse of the Atlantic Ocean as the US Coast Guard airlifted a pregnant woman from a Disney cruise ship located 180 miles northwest of Puerto Rico.…
Click here to Read more
Diljit Dosanjh and Parineeti Chopra are riding high on the success of their recent film, "Amar Singh Chamkila." The movie has been receiving overwhelming love from fans and celebrities alike for its captivating…
Click here to Read more
The Indian Meteorological Department (IMD) has issued comprehensive forecasts and warnings across India as various weather systems, including cyclonic circulations, influence different regions. Here's what you need to know about the expected weather…
Click here to Read more
World Heritage Day, observed annually on April 18th, offers a moment to reflect on the rich tapestry of cultural and natural wonders that adorn our planet. From ancient architectural marvels to breathtaking natural…
Click here to Read more
Building strong family bonds is essential for fostering a sense of belonging, support, and love within the household. Engaging in meaningful activities together not only strengthens these bonds but also creates lasting memories…
Click here to Read more
Aries (March 21 - April 19): Today, Aries, you might find yourself in a particularly introspective mood. Take this opportunity to reflect on your goals and ambitions. It's a good time to reassess…
Click here to Read more
The India Meteorological Department (IMD) has issued a crucial warning regarding the onset of heat wave conditions in several states across eastern India. From April 17th to 21st, 2024, isolated places in Gangetic…
Click here to Read more
Get Ready for Big B's Quiz Show: Amitabh Bachchan, a legendary figure in Indian cinema, is once again gracing the small screen with the upcoming 16th season of the popular quiz show 'Kaun…
Click here to Read more
Indian Railways has emerged as a global leader in electrification, setting an impressive benchmark for sustainable transportation infrastructure. With 94% of the Broad Gauge network already electrified and a target of complete electrification…
Click here to Read more
