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Prior notice United Kingdom

Climate Innovation Pull Facility (CIPF) - Facility Manager

Reference ocds-b5fd17-9659958a-d5e7-4a9a-8f01-7a87dca3547f · DESNZ

Prior notice.

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Description

Please note that this PIN is issued to inform the market of an upcoming market engagement event. More information about the next steps and forward timeline will be provided in the meeting and in future notices. All information shared in this notice and at the event is indicative and subject to full and final approvals by the Department. The UK Department of Energy Security and Net Zero is planning to procure a supplier to manage a new facility - the Climate Innovation Pull Facility. Through pull finance, this facility will support innovation, scale up and market building for climate change mitigation solutions for developing country contexts, focusing on innovative clean energy technologies and business models in a small number of specific applications/sectors, where the evidence shows support is most needed. In public innovation financing, "pull mechanisms" create incentives for innovators and other actors by creating viable market demand. They seek to reduce viability gaps and induce innovation by signalling demand for solutions to specific problems. Mechanisms often cited include Advanced Market Commitments, Results or Outcomes Based Financing, Prizes/Challenges, innovatio…

Official publications

MediumReferenceDate
FTS b873cf88-4630-4ada-8bbb-7aaf0067dfa1-809281 9 December 2024
Contracts Finder b873cf88-4630-4ada-8bbb-7aaf0067dfa1-809281 9 December 2024

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Data collected from official public procurement sources. Amounts as published by the buyer.