Ofgem Round 3: Call for Ideas
3 months - 5 years
£150k - £10m
This Call for Ideas forms part of a programme delivered with the Office of Gas and Electricity Markets (Ofgem) in partnership with Innovate UK. This alignment enhances the programme’s ability to contribute to Government’s net zero objectives, while allowing it to remain dynamic, flexible and joined up with Government, industry and consumers.
Ideas which advance through this process and develop into a project proposal led by an Energy Network may be offered the opportunity to seek funding from the Ofgem Strategic Innovation Fund (SIF). The fund aims to deliver net zero at the lowest cost to consumers and support innovative businesses to grow and scale.
The Strategic Innovation Fund (SIF) aims to deliver net zero at the lowest cost to consumers and support innovative businesses to grow and scale.
This includes decarbonising gas and electric energy distribution, transmission networks and benefits to the consumer. SIF projects should help shape the future of the gas and electricity networks and succeed commercially where possible.
SIF-funded projects must aim to reduce costs for consumers and carbon emissions while improving access to revenues and markets. This will also incentivise the creation of new products, processes and services, linking into the themes for each challenge.
The Challenges for SIF Round 3 are:
Within each challenge, there are specific themes. Your proposal must meet one of these themes for your selected challenge.
Challenge 1 themes:
Challenge 2 themes:
Challenge 3 themes:
Challenge 4 themes:
This Call for Ideas is open to proposals for any social, regulatory, market, legal or technical innovation that aligns with the challenges and related themes identified and is within the remit of the Energy Networks. Proposals can be related to a product, process or service.
Your submitted proposal must:
The future funded opportunities for SIF Round 3 have different phases:
A minimum of 10% compulsory contribution is also expected at each stage.
A total of up to £450 million exclusive of VAT is allocated to the Strategic Innovation Fund (SIF) until 2026.
This opportunity is a Call for Ideas and does not guarantee a proposal will be taken forward. There is no funding available for this Call for Ideas.Contact us