How to prepare for the Industrial Energy Transformation Fund

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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

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viable. Yeah.

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For me today and having discussed

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those three types of strands I think is important just to consider,

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you know, a lot of companies I deal with

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have set targets, set ambitious targets,

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probably still trying to find that detail as to the roadmap to get there.

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And you can make full use of studies which can often,

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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.