Published date: 21 April 2023

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 17 March 2023, 1pm

Contract summary

Industry

  • Research services - 73110000

  • Financial management consultancy services - 79412000

Location of contract

SW1H 0NE

Value of contract

£69,033

Procurement reference

tender_345493/1205955

Published date

21 April 2023

Closing date

17 March 2023

Closing time

1pm

Contract start date

30 March 2023

Contract end date

9 June 2023

Contract type

Service contract

Procedure type

Open procedure (below threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

There is an urgent need to accelerate clean energy technology demonstration, uptake, and commercialisation globally. To realise global net zero by 2050, almost half the emissions reductions will need to come from technologies that are not yet commercial (currently at the demonstration or prototype phase) (IEA 2021). Globally, we must prepare for the next phase of the transition by boosting innovation by investing in RD&D.

Most innovation support to date has utilised push mechanisms, directly subsidising the up-front RD&D costs. However, in many cases this approach has not yet sought to incentivise innovations' uptake and usage, in particular addressing factors specific to low-and middle-income countries. It is envisaged that incentive-based, pull funding for innovative clean technologies could play this role.

This tender is for a research project to address knowledge gaps on types of climate /clean technology and applications appropriate for pull financing. The research will focus on the potential scale, costs and impacts of potential Official Development Assistance (ODA) funded interventions for clean technologies in hard-to-abate sectors to inform further action and potential investment proposals.



Overarching objectives of this research activity:

- A greater understanding of the opportunity and possibility for UK Government (or others') intervention in this space through development of exemplar case studies that could demonstrate potential impact, scale, and design considerations for this funding approach, in relevant Ayrton Fund thematic challenge areas. This helps respond to wider questions on whether/how this kind of approach could be effective, at what scale, to support global climate and development goals.

- Greater insights into the broader global landscape for clean technology pull finance, through the lens of where development assistance in this form could best contribute, taking account of the status of the current offer through pull financing, any unfulfilled gaps or unknowns. This will provide the authority with a clearer picture of the positioning of the UK (and Ayrton Fund thematic challenge areas), of global markets or needs for different types of clean energy RD&D, and of UK's role as a major ODA provider in various countries. This would help respond to wider questions on whether (and where/how) this type of approach could be additional.

- Provide clear, relevant evidence from an independent source to feed into the development of internal proposals for investment.


Output 1: Exemplar Case studies
Output 2: Landscape review and analysis

More information

Previous notice about this procurement

Research on potential clean technology applications for innovation pull financing

  • Opportunity
  • Published 3 March 2023

Attachments

Links

Award information

Awarded date

12 April 2023

Contract start date

30 March 2023

Contract end date

9 June 2023

Total value of contract

£69,033

This contract was awarded to 1 supplier.

Instiglio Inc

Address

1880 Brickell Avenue, Miami, FL 33129

Reference

No reference - other

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Address

BEIS, 1 Victoria Street
London
SW1H 0NE
England

Email

internationalclimateandenergy.procurement@beis.gov.uk