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

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.

• on-site battery storage with zero upfront cost: GridBeyond enables businesses to install and operate battery energy storage systems without capital expenditure. These batteries reduce peak charges, improve grid resilience, and generate income through flexibility markets.
• demand-side response (DSR) revenue streams: our AI-powered platform connects your assets to National Grid’s DSR schemes, rewarding you for adjusting electricity consumption during peak times. This creates a valuable income stream while supporting grid stability and sustainability. GridBeyond’s AI-powered platform doesn’t just react to grid signals, it anticipates them. By analysing real-time data and market trends, the platform optimises when and how energy assets are used, stored, or dispatched. This results in improved operational efficiency and reduced energy costs across the board without disrupting core operations.
• Corporate Power Purchase Agreements (CPPA): A CPPA allows your business to secure clean energy at a fixed, competitive rate from renewable sources. GridBeyond facilitates these agreements to help reduce carbon footprints and protect against future energy price volatility.

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

• lower operational costs
• improved carbon performance
• stronger energy resilience
• new revenue from grid services

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.