The perceived cost of low-carbon technologies can be a barrier for manufacturing businesses looking to decarbonise.
However the Industrial Energy Transformation Fund can support organisations to invest in solutions to help them to both cut their energy bills and reduce their carbon footprint.
With phase three of the IETF due to be released in Spring 2024, make sure you're prepared to make the most of this funding opportunity.
The IETF enables businesses with high energy use to transition to a low-carbon future.
The funding will support the development and deployment of technologies to help cut energy bills and carbon emissions. IETF phase 3 is due to launch in early 2024, with the Government providing £185 million of funding to the winning projects.
Listen in to this episode of 'Ask the Expert', where Martyn Fuller is joined by Ross McIntosh, Development Engineer and Ross Winkworth, Business Development Manager, to explore what the IETF entails, what types of projects are eligible to apply, and how Veolia can support your business.
How to prepare for the Industrial Energy Transformation Fund - Transcription
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Good afternoon and welcome to our latest episode
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of Ask the Expert live today from Kingswood.
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Today, I’m gonna be talking about the cost of investing in low carbon
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technologies for manufacturers and how government
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funding could support businesses to reach their sustainability goals.
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It's a key part of ecological transformation. Decarbonising
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and depolluting, but truly able to achieve significant results.
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If you're going to do that,
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you need the latest energy efficiency and low carbon technologies,
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which can be tough to justify and even tougher to fund.
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We hear this from our customers, from the marketplace.
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Something that could help is the Industrial Energy Transformation Fund,
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or IETF.
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It's designed to help businesses with high energy use cut costs and carbon
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emissions by investing in energy efficiency and low carbon technologies.
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Phase three is due to be released in spring of 2024,
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so today is the right time to be joined by
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Ross Winkworth, Business Development Lead for Energy and Ross Macintosh,
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Project Development Engineer from Technical Direction Energy.
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to discuss the IETF, the benefits it can offer.
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Gentlemen, the two Ross’s.
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Would you like to introduce yourself?
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Ross Macintosh.
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Hi Martyn, hello to everyone watching.
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Yes, Martyn’s sort of linked to,
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I work as a project development engineer within our technical direction
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energy team, within the Technical Solutions team.
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So where we get involved is to take projects
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from your concept stage through to detailed design.
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And so the IETF projects that absolutely, it's
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the sort of things we look at and our team predominately works with their customers
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and new business, but we also support some of our internal operations
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in those projects.
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From that concept.
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Stage three to a detailed design.
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Thanks, Ross Winkworth Good afternoon everyone.
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Pleasure to join you today.
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And so I work in the Industrial Water and Energy team.
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I advise and work in partnership with industrial clients and manufacturers
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to find solutions on energy and thermal efficiency and onsite generation
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and ultimately
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achieve Net Zero ambitions that they’re aiming for.
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I've been around the industry for about 15 years
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in energy specifically and I have completed many behind the metre
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projects and efficiency projects that this kind of falls into
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Behind the metre project.
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So there's a there's a phrase. I'm going to start by doing something I'm famous for,
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which is asking silly questions because sometimes I just don't understand.
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So what is the IETF
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and can you give an overview of it?
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Ross Winkworth, can you help me out there? Absolutely.
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So IETF is the Industrial Energy Transformation Fund.
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Specifically, this is the Department for Energy Security and Net Zero
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previously BAES.
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This is their method to support industrial sites
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with high energy use to transition to a low carbon future.
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Okay, industrial processes
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are accounting on their numbers for about 16% of UK emissions
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and that needs to drop by about two thirds by 2035.
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So this target, this fund is specifically targeting industrial processes
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to help them
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cut their energy costs by investing in more energy efficiency technologies
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or reduce their carbon emissions by reducing costs and risks associated
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with deep decarbonisation and technologies associated with that.
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The fund
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is a competitive process and is aimed at supporting
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those with the highest quality, most transformational bids.
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There's already been two previous phases
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of this from summer 2020 through to about autumn 22,
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and that has resulted in the best part of 289
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million split between about 150 different winners of grants.
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And the total of awarded in grants can depend on the project size
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and business size, but they are about 25 to 70% of the total project
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cost is what the fund aims to help with.
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We're here today because there is a third phase definitely been announced
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for the early part of next year and another 185 million of budget
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for people to apply for and see if they can get grant
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funding on potential projects.
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Fabulous. So
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how is it is it quite clear at the moment how they can apply the formal details?
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Are they out?
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So the formal details are yet to be confirmed in terms of the actual
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third phase, what things might change from previous phases.
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But the the actual competition itself isn't deemed to change as much.
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So working on previous applications,
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yeah, it's about decarbonisation.
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It's about reducing costs
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and finding efficiencies in existing industrial processes.
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And I guess from our experience is the fact that, yes, it's
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not going to be released until Q2
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of next year, but it's now is the time
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to start planning if you want to apply and be successful.
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As I said,
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this is a competitive process, so it needs to be
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the most transformational and high quality bid.
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So the earlier you start and formulating your plan, formulating the costs involved,
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the more high quality you'll be to be in that competition process.
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So I'm sure, you know, one of the thoughts in my mind
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is that who and what projects would actually be eligible?
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Absolutely.
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As mentioned, this is for industrial processes.
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So the lead applicant the industry applying
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must run an industrial process which is defined by your standard
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industrial classification code or SIC code.
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This is just the code associated with
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when you do your annual returns and something Veolia can confirm.
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And essentially it's covering manufacturing assembly,
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not limited to food and beverage manufacturing, chemical aggregates.
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And the second phase actually included the likes of data centres
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and mining and quarrying as well.
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So the list could be expanded for
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phase three, we're not anticipating that but it could well do.
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In terms of what there's actually three strands
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to the to the IETF, so you can apply for a study.
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And the study is essentially to facilitate
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a report into the investor ability of your project,
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which could be a feasibility study looking at technical feasibility,
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economic feasibility or operational or even an engineering study,
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which is more your sort of investment grade
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equivalent audit to, to be.
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We would take the project forward in investment matters.
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The other two strands are for energy efficiency.
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So this support proven technologies could be like heat recovery
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and something like that associated to industrial process.
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The third strand is deep decarbonisation.
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This is more focused technologies that may have just come out of a pilot
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or are still yet to be widely used within industry, but
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a possible future received grant funding towards in terms of
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if you want to take that forward as an application.
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Fabulous.
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And it's quite in depth, isn't it?
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There's quite an awful lot to there, you know, to to understand it.
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But just to recap and to to remind people anything that's link able,
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anything that we can share,
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we'll share in the comments after this and any questions that we receive,
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we'll try to answer live or we'll try and find an answer for you in due course.
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But what I really understand there if I'm just going to try
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and play that back a little bit to you is that there's three strands for this.
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The studies, this feasibility or energy efficiency
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and deep decarbonisation deployment was it that's a phrase I've heard somewhere.
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What does that mean?
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Yeah.
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So essentially the first strand being studies
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is for you to actually conduct feasibility to whether it's possible,
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whether it's going to work for your organisation or the other type
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of study is an engineering study to get it to an investment grade.
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So all the costs are worked out.
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A business plan, a pipeline and an ultimate delivery plan.
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The other two strands are, as you say, deployment.
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So it could even be energy efficiency deployment or decarbonisation deployment
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deep decarbonisation.
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As I say, the real difference between the two is around
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sort of proven accessibility of the technology might be.
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So, for instance, carbon capture is is available.
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It's a proven technology, but it's not widely available or used in industry at the moment.
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So that would probably fall into a deep decarbonisation rather than
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energy efficiency. Something like a heat recovery
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from a
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process to create hot water that's more established
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and so therefore probably more likely fall into an energy efficiency study
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depending on its application and size, it could possibly fall into
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deep decarbonisation.
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Generally, is probably assumed as an energy efficiency study.
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Thanks, Ross.
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I'm assuming you know anybody who is confused by that, and that's including me.
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To be honest, can come to Veolia and ask for some help.
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and we would support that.
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That's what we do, isn't it?
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At this point?
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Ross Macintosh I was just wondering, now, you know,
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we've got quite a lot of experience,
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which is why we can be the people who can be act as
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the consultant and give that advice. In our experience, in your experience,
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what types of technology and projects have been successful
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It’s a really broad brush
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actually, I think the the overarching
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if we're going to take anything away is does your project save,
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save carbon or does it improve the energy efficiency of your site?
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And if that's a yes, then the IETF may well be suitable
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grant funding for you.
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Yes, answer that question.
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You know, there's been a couple of rounds
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of funding already and some of the projects
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that have won the grant funding, again, have been really broad.
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It could be something that is heat recovery.
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So, you know, you you might be, have a suite of heat exchangers
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across your site that if you upgraded them all, you could reduce
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or increase your energy efficiency, reuse that heat
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and, you know, save yourself money and ultimately carbon.
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So that would that would work.
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It could be something along the lines of
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monitoring and equipment upgrades.
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So you could be introducing a starter system or distributed
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control system if you can prove that by having better data
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and monitoring that you can save energy within your process.
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Again, that is something that's
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eligible.
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It could be fuel switching.
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So as a as a general rule, does switching
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from whatever fuel you're burning now to another fuel save you carbon?
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So typically electrification projects
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absolutely within scope.
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You can even go from switching to natural gas
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if you're using a comparatively more dirty fuel currently.
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So again, quite, quite broad.
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But is it saving you carbon by switching your fuel?
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If yes, you can go for that.
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And then there's things like combustion efficiency, you know,
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have you got a really old boiler plant that's 20, 30 years old?
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It's not efficient versus modern standards.
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And by putting in a new boiler plant, you will save yourself,
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you know, the save or increase 10% efficiency and then save some carbon.
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So again, this it really is broad brush,
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but if it's saving you carbon, if it is energy efficient.
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It's probably eligible for IETF funding. Yes.
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Thanks, Ross.
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That's a really good answer and I'm beginning to see this now. So
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the big question
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or one of the other big questions maybe is in my mind, though, is okay, yes, great.
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So if I'm going to do the decarbonisation,
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it's going to reduce my carbon, therefore. Yeah, okay.
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It could be something. But why?
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Why should a company why should anyone, why should an
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organisation be interested in this funding?
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Whats, what's special about it?
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Ross Winkworth...
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So I think the way to look at this is this is providing
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grant money towards project you're probably already considering.
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This isn't a loan.
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This isn’t something that requires payback.
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This is to support you in actually deploying,
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getting the scope down to de risk it, to actually proceed with reducing emissions
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within your business or essentially reducing your operating cost
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if it’s energy efficiency.
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It’s you know, the whole
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scope of the scheme is to increase uptake within industry.
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And so therefore it's wholly encouraging you to plough ahead
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and try and find a project that suits suits that idea.
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So if you have an idea for a project
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and you've been able to obtain for internal funding,
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the IETF, there is to try and change that,
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to try and support that and de-risk it for your business.
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If not, it encourages you to seek new ideas, new ways of looking at a project,
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perhaps combined a number of projects together for an industrial site.
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And you know, Veolia are here to help with development of those ideas,
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qualifying that and ultimately putting forward the strongest bid
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as part of the competition to try and obtain that grant funding.
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And even by the end of it, you end up with a very strong project.
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Either way, due to the due diligence you've got to do in order to apply.
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So even if you considered yourself, it's
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a risk that it's competition, you might end up with no grant funding.
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You'd have a pretty strong project by the end of it, having gone
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through the process of of doing it to these standards
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anyway.
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That's again really useful.
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And you know, and I'm guessing, you know,
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it doesn't take an awful lot
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of understanding of economics and commercial operations to understand
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that that access to to, to money, access to funding is important.
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You know, it's it's an interesting part of the journey for me anyway
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in decarbonising
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and I know from our customers, from conversations,
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our customers from the marketplace, yeah, there's a real desire to do it,
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but we're still having to compete for money within a business.
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You know, businesses have to remain operational.
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So getting a grant, not, you know, not a loan a grant,
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you know,
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certainly should get the chief financial officer interested.
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And it can make an operation and an upgrade
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really, really
00:14:41:18 - 00:14:42:23
viable. Yeah.
00:14:42:23 - 00:14:45:01
For me today and having discussed
00:14:45:01 - 00:14:48:06
those three types of strands I think is important just to consider,
00:14:48:15 - 00:14:50:17
you know, a lot of companies I deal with
00:14:51:08 - 00:14:53:18
have set targets, set ambitious targets,
00:14:53:22 - 00:14:58:03
probably still trying to find that detail as to the roadmap to get there.
00:14:58:03 - 00:15:01:16
And you can make full use of studies which can often,
00:15:01:16 - 00:15:05:11
you know, add a lot of cost and not necessarily deliver a payback.
00:15:05:11 - 00:15:09:10
And you can receive grant funding to do studies to really articulate
00:15:09:10 - 00:15:13:05
what is even feasible will get you to the actual full investment decision,
00:15:13:05 - 00:15:15:17
which sometimes, you know, collecting data, intricate
00:15:15:18 - 00:15:19:01
design, how it lays beside your existing process.
00:15:19:02 - 00:15:22:04
Those take time and consideration and therefore it does incur cost
00:15:22:04 - 00:15:27:00
of being able to receive grant funding to to define that project to that detail,
00:15:27:01 - 00:15:30:23
to make it investable not just an idea is is very useful.
00:15:30:23 - 00:15:35:01
So or if you're a point you want to do deployment and you want to shorten
00:15:35:01 - 00:15:36:03
payback.
00:15:36:05 - 00:15:39:00
If your scheme is is well designed, then you know,
00:15:39:06 - 00:15:43:17
this is another real big incentive and that's the idea of this fund.
00:15:44:01 - 00:15:48:08
It's to increase uptake, increase deployment of these kind of initiatives.
00:15:49:16 - 00:15:50:09
It’s payback, isn't it?
00:15:50:09 - 00:15:53:09
You know, so that is always a return on investment.
00:15:53:15 - 00:15:57:06
Any project, if we can deliver something, even if it is, as you say,
00:15:57:06 - 00:16:00:17
that the briefing element, that the research element
00:16:01:23 - 00:16:03:19
without accessing
00:16:03:19 - 00:16:05:20
capital because it's coming through a fund
00:16:06:12 - 00:16:10:08
that's that's going to be of interest to anyone and important.
00:16:10:08 - 00:16:13:06
So bit of role play for a moment
00:16:15:06 - 00:16:16:08
Fuller Industries,
00:16:16:08 - 00:16:18:17
we want to expand our site and replace some equipment.
00:16:19:13 - 00:16:20:19
Can I apply?
00:16:22:04 - 00:16:24:02
So the idea of the IETF
00:16:24:02 - 00:16:28:05
is to improve efficiency of existing industrial process.
00:16:28:15 - 00:16:31:14
So so if you are building a new factory
00:16:31:21 - 00:16:35:16
and that is a sort of out of scope, but where it does
00:16:35:16 - 00:16:38:21
depend on your application and I'd say
00:16:38:21 - 00:16:41:09
as to how what could fall into scope.
00:16:41:23 - 00:16:44:21
So if you are, for instance, replacing your boiler
00:16:45:14 - 00:16:49:07
to a new higher efficient model and in doing so, you also increase
00:16:49:07 - 00:16:53:02
the capacity of that boiler for more production process.
00:16:53:13 - 00:16:56:24
Your application would actually just look at the costs
00:16:56:24 - 00:16:59:04
associated with a like for like replacement.
00:16:59:16 - 00:17:02:05
If you choose to increase the capacity, that's okay.
00:17:02:05 - 00:17:05:10
But it falls out our scope of what you could obtain grant funding for.
00:17:05:19 - 00:17:08:10
So it doesn't emit you from applying, it's
00:17:08:10 - 00:17:11:07
just your application will change in what you're applying to.
00:17:11:17 - 00:17:16:17
So building new factory, starting a brand new process that would be out of scope.
00:17:17:03 - 00:17:20:16
If you're looking to expand operations, some of what you apply
00:17:20:16 - 00:17:23:01
for could still fall into applying for grant money.
00:17:23:19 - 00:17:26:03
Devil's in the detail as you go to do this.
00:17:27:02 - 00:17:28:08
Other things I would just say that
00:17:28:08 - 00:17:32:07
do fall out of scope from IETF are things like power and heat networks.
00:17:32:15 - 00:17:35:15
There are other grant funding schemes available for those kind of things.
00:17:36:03 - 00:17:37:17
On site power generation.
00:17:37:17 - 00:17:39:06
So if you're thinking of solar PV
00:17:39:06 - 00:17:42:00
on the rooftop for instance, that falls out of scope.
00:17:42:00 - 00:17:44:07
This is about efficiency
00:17:44:07 - 00:17:45:24
of that industrial process
00:17:45:24 - 00:17:49:08
and also transport at this moment in time is still out of scope.
00:17:49:23 - 00:17:53:05
There is some deliberation as to whether forklifts could be included.
00:17:53:05 - 00:17:56:12
I think that just depends on whether the fuel switch, how that integrates.
00:17:56:12 - 00:17:59:16
But devil’s in the detail, we can always check back
00:17:59:16 - 00:18:02:07
with the people that run these schemes as part of the application.
00:18:03:10 - 00:18:05:05
Well that seems there's quite a bit falls out.
00:18:05:05 - 00:18:08:08
I think the main message is if you've got an industrial process,
00:18:08:08 - 00:18:11:19
you can make it more efficient or produce less carbon out that process
00:18:12:20 - 00:18:13:02
you will
00:18:13:02 - 00:18:17:00
find some way that that this could fit in, I’m sure. Fabulous.
00:18:17:00 - 00:18:18:02
You know, so.
00:18:18:02 - 00:18:20:19
Question on forklifts, obviously I'll keep that to to later,
00:18:21:17 - 00:18:23:19
but how can Veolia help? You know.
00:18:24:05 - 00:18:25:20
What is it we can actually do then?
00:18:25:20 - 00:18:30:09
So people have listened, they've watched, they've heard what you've had to say.
00:18:30:24 - 00:18:33:11
Come on, Ross, how can Veolia help?
00:18:33:18 - 00:18:34:10
Well,
00:18:35:04 - 00:18:37:11
I think, myself.
00:18:37:11 - 00:18:41:01
and Ross would actually work quite, quite closely together within business
00:18:41:01 - 00:18:42:20
development and our technical direction team.
00:18:42:20 - 00:18:45:22
So we're not just a dodgy duo for LinkedIn,
00:18:45:22 - 00:18:49:14
we are, you know where we would get, where Veolia can help.
00:18:49:14 - 00:18:51:04
I never said that.
00:18:51:04 - 00:18:53:07
I never said that.
00:18:53:07 - 00:18:56:18
Where where we can get involved, is you know. Veolia’s got a..
00:18:57:04 - 00:18:59:10
we've got capabilities right across that project lifecycle.
00:18:59:10 - 00:19:04:04
So whether or not that be that first oh, I've got I've got an idea or we want to
00:19:04:04 - 00:19:07:23
decarbonise and we've got no idea how we want to do it.
00:19:07:23 - 00:19:08:17
You know,
00:19:09:01 - 00:19:12:24
Ross can be your your point of contact and start that ball rolling
00:19:12:24 - 00:19:17:01
and then can pull in, you know that our technical direction energy team
00:19:17:01 - 00:19:20:19
and we can then, you know, come to site we can do those initial
00:19:21:06 - 00:19:24:23
you know, just concept scoping what are the opportunities,
00:19:25:11 - 00:19:28:11
what can we put in place and we can do
00:19:28:17 - 00:19:32:17
mini audits, we can do reports, we can define that road map for you.
00:19:32:24 - 00:19:36:11
And then if once that road maps there, we can then be that,
00:19:36:16 - 00:19:40:16
you know, partner to take that that next step further so we can go to
00:19:41:15 - 00:19:43:00
investment grade audits.
00:19:43:00 - 00:19:46:14
We can look at putting a bit more meat on the bone there where
00:19:47:04 - 00:19:50:15
what you know, what what technology we're using, where is it going to be sat?
00:19:50:23 - 00:19:53:22
How are we going to integrate with what's already on site?
00:19:53:22 - 00:19:56:13
You know, what is the cost of that look like?
00:19:57:00 - 00:19:59:01
How is the project going to be delivered? What's the programme?
00:19:59:01 - 00:20:00:10
All that, all that sort of thing.
00:20:00:10 - 00:20:04:08
We can we can get that to that stage where you know
00:20:04:08 - 00:20:06:18
how much it's going to cost you, what the impacts are going to be,
00:20:06:18 - 00:20:08:16
and you can then make that investment decision.
00:20:08:16 - 00:20:12:12
And then, you know, if you get to that stage and you still
00:20:12:12 - 00:20:16:19
want to carry on again, you know, we can then be there through to construction.
00:20:16:19 - 00:20:19:23
We've got our construction team behind us that can do the project management.
00:20:20:04 - 00:20:22:01
We can de-risk it further.
00:20:22:01 - 00:20:26:06
So deliver on on time, on programme to cost and then,
00:20:26:15 - 00:20:30:13
you know, following all that through, if, if the customer wants, if you want,
00:20:30:21 - 00:20:36:07
we can then take on long term maintenance of a project.
00:20:36:07 - 00:20:38:03
So you know, if you,
00:20:38:03 - 00:20:40:20
if you just want something that sits on your site, you don't want the
00:20:40:20 - 00:20:44:14
hassle of it, you just want it to run and to deliver your site with,
00:20:44:19 - 00:20:48:01
you know, whatever it might be, steam, chilled water.
00:20:48:12 - 00:20:50:17
We can take that off your hands and we can de-risk it.
00:20:50:17 - 00:20:54:18
So sort of I guess to summarise, as we have got experience right across that
00:20:54:18 - 00:20:57:13
project lifecycle and we can be there as your partner
00:20:58:02 - 00:21:02:04
to help de-risk all the way through and we can take quite a
00:21:02:17 - 00:21:05:04
almost case by case basis.
00:21:05:04 - 00:21:08:10
You know, if you want to take things in-house and do it yourself, brilliant.
00:21:08:13 - 00:21:12:06
If you want us to do the investment grade audit, we can, you know, it's
00:21:13:15 - 00:21:16:00
I would say we're quite we're quite flexible.
00:21:16:14 - 00:21:20:20
And we've also because Veolia is a bit of we're big beasts
00:21:20:20 - 00:21:24:11
and we've we've got lots of experience in the different sectors.
00:21:24:11 - 00:21:27:03
So, you know, whether or not that, the food and beverage,
00:21:27:13 - 00:21:30:07
whether or not that be health care, whether it be
00:21:31:01 - 00:21:34:23
some other industrial process, we've got that experience
00:21:35:01 - 00:21:38:19
even through working with customers or, you know, Veolia owns a lot of assets
00:21:38:19 - 00:21:40:11
themselves and operates them themselves.
00:21:40:11 - 00:21:44:01
So we've got a lot of experience internally,
00:21:44:07 - 00:21:46:21
but also from external.
00:21:47:21 - 00:21:48:13
Thanks, Ross.
00:21:48:13 - 00:21:53:22
I think from a Veolia perspective, that self delivery model that we deliver
00:21:53:22 - 00:21:58:11
for ourselves on large infrastructure across the UK, across the world
00:21:58:19 - 00:22:02:18
is something that perhaps we don't talk about enough.
00:22:02:18 - 00:22:06:18
Maybe, but really, really grateful for you.
00:22:06:19 - 00:22:10:04
Comprehensive answer there of what Veolia can do to help.
00:22:10:15 - 00:22:13:10
So I was just wondering, you know, in terms of if we were going
00:22:13:10 - 00:22:17:00
to put this into a series of steps, what is the process?
00:22:17:00 - 00:22:21:20
Can you, can one of you summarise the process in maybe six steps for me?
00:22:22:17 - 00:22:25:11
I'm sure Ross Winkworth
00:22:27:09 - 00:22:28:23
Yeah, really good answer previously.
00:22:28:23 - 00:22:32:16
So I'd say it depends what part of the journey you deem yourself on.
00:22:32:16 - 00:22:36:18
It's it starts with picking up the phone or emailing us to have
00:22:36:18 - 00:22:37:21
that initial discussion.
00:22:37:21 - 00:22:41:14
Certainly in the face of IETF crowdfunding, I think whether it's your
00:22:42:03 - 00:22:45:24
as I say, set a target or have an ambition or would like to do something
00:22:46:09 - 00:22:49:11
to make something more efficient on site, we can bring ideas.
00:22:49:11 - 00:22:50:24
We can come and assess the site initial
00:22:50:24 - 00:22:53:15
walk around, initial discussion over what you use
00:22:54:01 - 00:22:58:08
to see what opportunities could be there, or if you've got an idea of already
00:22:58:08 - 00:23:02:04
improving something on site and establishing heat recovery.
00:23:02:10 - 00:23:03:06
Great.
00:23:03:06 - 00:23:05:23
Let's go talk through the initial idea where that could work.
00:23:06:13 - 00:23:07:23
As Ross
00:23:08:09 - 00:23:11:01
said, you know, I think one thing I'd just play on
00:23:11:01 - 00:23:14:11
is that we are technology agnostic in that way.
00:23:14:11 - 00:23:17:05
And also we do assess things from an operational point of view.
00:23:17:05 - 00:23:20:04
We've been operating stuff for clients and our own as well.
00:23:20:04 - 00:23:23:05
It's not just about putting in a new piece of fancy kit.
00:23:23:17 - 00:23:26:24
This is about does it actually deliver the efficiencies
00:23:26:24 - 00:23:29:08
we want it to and trying to be realistic with that.
00:23:29:13 - 00:23:34:07
Again with an IETF lense that our application is clear
00:23:34:07 - 00:23:38:13
and concise and realistic and therefore, you know, higher chance of winning.
00:23:39:22 - 00:23:40:20
And as you
00:23:40:20 - 00:23:45:19
said, whether we go whether we apply for studies on that basis of initial idea,
00:23:45:19 - 00:23:48:21
how that could apply, where it could fit for what it could be the
00:23:48:21 - 00:23:52:11
cost, where are the operationals, or whether we've already got a good grasp
00:23:52:11 - 00:23:55:08
of that and feel confident enough to go for a deployment application
00:23:56:04 - 00:23:58:20
that would depend on whether we're doing an investment grade audit or not.
00:23:59:04 - 00:24:02:23
And then beyond that, applying and applying to the and adhering
00:24:02:23 - 00:24:04:13
to the roadmap and sort of timing.
00:24:04:13 - 00:24:08:16
So generally application may close in spring 2024.
00:24:08:16 - 00:24:11:16
As a general idea, you probably hear back where you've been successful
00:24:11:16 - 00:24:14:10
in that application 2 to 3 months later
00:24:15:01 - 00:24:17:16
and then probably a month after being notified
00:24:17:16 - 00:24:21:15
you've been granted a grant, then there'll be a matter of
00:24:22:14 - 00:24:24:20
completing contracts and then going on to deployment
00:24:24:20 - 00:24:27:23
and you'll probably have about a two year timeframe
00:24:27:23 - 00:24:30:02
either to deploy the
00:24:31:10 - 00:24:35:04
project and start monitoring and feeding back on that
00:24:35:11 - 00:24:38:23
where if it's a study, you've probably got about a year sort of timeframe
00:24:39:03 - 00:24:42:17
in order to complete the study and report back and do what you will with that.
00:24:44:22 - 00:24:45:04
Yeah.
00:24:45:04 - 00:24:48:03
And that's really, you know, we can partner along a step of the way.
00:24:48:03 - 00:24:50:07
Whether once it’s deployed. We operate that beyond.
00:24:50:07 - 00:24:54:05
We have many, many contracts like that to ensure that delivery.
00:24:54:14 - 00:24:58:05
And I think another thing just to allude to, we've been pretty successful
00:24:58:05 - 00:25:03:16
in securing grant funding in not only this but on other public sector
00:25:03:16 - 00:25:07:21
decarbonisation schemes and green heat grants for networks as well.
00:25:07:21 - 00:25:11:01
So, you know, preparing in the right way
00:25:11:01 - 00:25:14:13
and working at the right ways is something I think we certainly skilled at.
00:25:15:05 - 00:25:16:10
I think you've been a bit humble there.
00:25:16:10 - 00:25:19:02
You are certainly most definitely skilled at that.
00:25:19:03 - 00:25:23:20
I know the results of what we've done and the many customers who are grateful
00:25:24:04 - 00:25:24:15
for the work
00:25:24:15 - 00:25:27:16
we've done in achieving and allowing them to get access to this funding.
00:25:28:02 - 00:25:33:06
So thank you very much, Ross and Ross, for your questions and answers.
00:25:34:06 - 00:25:36:05
I really appreciate your time.
00:25:36:05 - 00:25:38:24
I found it really interesting and thank you, as I say,
00:25:38:24 - 00:25:42:21
for answering my questions, some of which I feel a little daft
00:25:42:21 - 00:25:46:23
asking you now, but I fully understand what the IETF funding is.
00:25:47:13 - 00:25:50:06
If you'd like to get in touch
00:25:50:06 - 00:25:53:07
with one of the Ross’s, you can do.
00:25:53:08 - 00:25:56:13
You can click the link in the conversation below.
00:25:56:21 - 00:25:58:23
It’ll take you to an inquiry form.
00:25:58:23 - 00:26:03:02
We will be happy to hear from you in order to introduce you
00:26:03:09 - 00:26:07:15
to our incredible team who would love to have the opportunity to work with you
00:26:08:02 - 00:26:10:15
as you apply for the IETF.
00:26:12:06 - 00:26:14:02
Our next episode of Ask
00:26:14:02 - 00:26:17:19
the Expert will be taking place on the 5th of December at 11 a.m..
00:26:18:08 - 00:26:21:09
We're going to pivot again and I'm going to be joined by
00:26:22:09 - 00:26:22:20
somebody I
00:26:22:20 - 00:26:26:15
know well, Tabitha Searle, who is in our responsible business team.
00:26:26:16 - 00:26:31:00
And we're going to talk about biodiversity and how it's so closely connected
00:26:31:07 - 00:26:34:02
to both social value and Net Zero.
00:26:34:21 - 00:26:35:15
Before we leave,
00:26:35:15 - 00:26:39:20
I'd like to say thank you to the team that's brought this LinkedIn live to you.
00:26:40:04 - 00:26:40:15
That's Lauren
00:26:40:15 - 00:26:44:10
Burgess and Julie Pickford, who's done an awful lot of work behind the scenes.
00:26:44:14 - 00:26:46:06
So thank you to both of you.
00:26:46:06 - 00:26:49:19
Don't forget, you can listen back to all of our previous episodes of Ask
00:26:49:19 - 00:26:55:00
the Expert at the Veolia dot co dot UK forward slash podcast hyphen hub
00:26:55:20 - 00:26:57:16
Thanks very much. Thanks, Ross and Ross.
00:26:57:16 - 00:26:59:01
Have a good afternoon.
00:26:59:10 - 00:27:00:14
Good afternoon, everyone. Thank you.
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