Innovation is key to developing the green technologies needed to tackle climate change. The Net Zero Innovation Portfolio is a £1 billion fund, announced in the Ten point plan for a green industrial revolution, to accelerate the commercialisation of low-carbon technologies, systems and business models in power, buildings, and industry.

The Portfolio will decrease the costs of decarbonisation and set the UK on the path to a low-carbon future. It will create world-leading industries and new green jobs, invest in our regions, and help make the UK a science and innovation superpower.

Focused on 10 priority areas, it includes:

• future offshore wind
• nuclear advanced modular reactors (supported through the aligned Advanced Nuclear Fund)
• energy storage and flexibility
• bioenergy
• hydrogen
• homes
• direct air capture and greenhouse gas removal (GGR)
• advanced carbon capture, usage and storage (CCUS)
• industrial fuel switching
• disruptive technologies

Funding is available for projects across Great Britain and Northern Ireland. Opportunities to apply are available via the individual competition pages listed below.

The Net Zero Innovation Portfolio succeeded the BEIS Energy Innovation Programme (EIP) which ran from 2015 to 2021.