Net Zero Innovation Portfolio

The Net Zero Innovation Portfolio provides funding for low-carbon technologies and systems. Decreasing the costs of decarbonisation, the Portfolio will help enable the UK to end its contribution to climate change.

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 Prime Minister’s 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.

Focussed on 10 priority areas, it includes:

  • floating 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 CCUS
  • industrial fuel switching
  • disruptive technologies

Funding is being made available for projects right across Great Britain and Northern Ireland. Competitions will be launching throughout 2021, with opportunities to apply offered through the individual competition pages listed below.

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

Floating offshore wind

To support the development and demonstration of state of the art technologies and products in the floating offshore wind (FOW) industry.

Energy storage and flexibility

To support flexibility services and technologies, as well as non-conventional storage at varying technology readiness levels.


To bring down costs and reduce barriers within the full biomass to energy value chain. This includes improving the productivity of the UK’s biomass supply, the availability of conversion technologies, and the generation processes for energy vectors such as biomethane, green hydrogen, biofuels and electricity

Direct air capture and greenhouse gas removal (GGR)

To support the research and development of direct air capture technologies in the UK.

Industrial fuel switching

Disruptive technologies

To support energy entrepreneurs to develop the best ideas for technologies, products and processes in energy efficiency, power generation and storage.

Published 3 March 2021
Last updated 22 March 2021 + show all updates
  1. Phase 2 of the Green Distilleries competition is now open to applicants who were successful for Phase 1 funding.

  2. An invitation to tender for Alternate Energy Markets: Energy Price Signals study is now live.

  3. First published.