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BEIS) is looking to support the deployment of advanced carbon, capture, usage and storage (
CCUS) technologies within the UK. This is in line with the Prime Minister’s Ten point plan for a green industrial revolution announced in November 2020.
How the competition will work
Up to £20 million grant funding will be available to:
support innovation in novel
TRL)
CCUS technologies to allow it to deploy commercially from 2025
reduce the cost of deploying
CCUS and create competitive pressure on current available technology
Projects will be split into 2 lots:
Lot 1 CCU: for projects primarily focussed on developing technology for carbon capture and usage
Awarded to innovators, businesses, academics and heavy industry, the investment will accelerate the delivery of the technologies needed to further drive Britain’s climate change ambitions, while creating over 60,000 jobs across the UK.
The funding package will develop technologies in carbon capture, greenhouse gas removal and hydrogen, while also helping find solutions to decarbonise the UK’s polluting sectors including manufacturing, steel, energy and waste.
It will help put the UK at the forefront of the green technologies of the future, while supporting British industries to lowers costs, remain competitive and protect jobs as they improve their energy efficiency and transition to a green economy.