Innovation is key to developing the green technologies needed to tackle climate change. The Net Zero Innovation Portfolio is a 1 billion fund, announced in the Prime Minister’s ten point plan for a green industrial revolution, to accelerate the?commercialisation?of low-carbon technologies, systems and business models in power, buildings, and industry.
The Portfolio will decrease the costs of decarbonisation and set the UK on the path to a low carbon future. It will create world-leading industries and new green jobs, invest in our regions, and help make the UK a science and innovation superpower.
Focused on 10 priority areas, it includes:
- future offshore wind
- nuclear advanced modular reactors (supported through the aligned Advanced Nuclear Fund)
energy storage and flexibility
- direct air capture and greenhouse gas removal (GGR)
- advanced carbon capture, usage and storage (CCUS)
industrial fuel switching
- disruptive technologies
Funding is being made available for projects right across Great Britain and Northern Ireland. Competitions will be launching throughout 2021, with opportunities to apply offered through the individual competition pages listed below.
The Net Zero Innovation Portfolio succeeds the BEIS Energy Innovation Programme (EIP) which ran from 2015-2021.