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Home | IETF Phase 3 cuts confirmed: How businesses can still finance low-carbon assets with GridBeyond

Posted 20 hours ago | 2 minute read

IETF Phase 3 cuts confirmed: How businesses can still finance low-carbon assets with GridBeyond

With the IETF Phase 3 window cancelled, UK businesses must rethink decarbonisation strategies. GridBeyond helps finance on-site batteries, DSR, and CPPA for long-term savings.

On 3 July the government officially cancelled the second competition window of the Industrial Energy Transformation Fund (IETF) Phase 3, which was designed to help high-energy-use businesses reduce emissions. While delivery will continue for projects funded under Phases 1, 2, and the initial Phase 3 window, as part of the £163M committed in the Autumn 2024 Budget, no further funding rounds will be opened.

For businesses relying on IETF support to transition toward net zero, this announcement is a setback. But it’s also an opportunity.

Financing low-carbon assets without IETF

With IETF funding no longer an option for upcoming projects, businesses need new ways to fund, deploy, and monetise low-carbon technologies. GridBeyond offers exactly that.

Even without IETF support, these smart energy solutions deliver clear long-term advantages:

If your business was planning to apply for IETF Phase 3 funding, now is the time to re-evaluate your energy strategy. GridBeyond is ready to help you access smart, flexible alternatives that drive sustainability and profitability.

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