The money has been made available for EMSc (UK) to administer to companies implementing efficient, reliable technologies that can deliver a return on investment within a 5 year period.

Funds will be provided interest-free for up to 5 years and are only available for the three technologies that have been proven to provide the highest energy savings and payback, as identified in reports prepared by the NHS Sustainable Development Unit and St Georges University.

Key analysis from both reports is outlined in a document prepared by McKinsey & Company – version 2.1 of the ‘global greenhouse gas abatement cost curve’. EMSc says this pinpoints the top three technologies best capable of  reducing carbon emissions across a range of different sized sites as being Voltage Optimisation, LED lighting and Variable Speed Drives.

Applications for funding can only be made through EMSc (UK) until 31st of December 2013 and will be subject to status and approval.