The Department for Business, Energy and Industrial Strategy (BEIS) will provide grant funding for projects to develop innovative CCUS technology and processes, which also bring cost savings.
Specifically, grants will be available to:
- support innovation in novel CCUS technology increasing its technology readiness level (TRL)
- demonstrate and de-risk next generation 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 two "lots" with the first focused on technology for carbon capture and usage (CCU) and the second on technology for carbon capture and storage (CCS).
Applications open on 28 June and the deadline for submissions is 8 August 2021.
BEIS is providing support for applicants in the shape of an online Industry Engagement Day on 16 June. Register here.
For full competition details and a link to the EoI document, follow this link.
The CCUS Innovation 2.0 competition is part of the £1 billion Net Zero Innovation Portfolio