Kelvin Ross, Power Engineering International
Summary
Energy giant ENGIE has given its backing to a £320m UK government heat networks project.
ENGIE is Britain’s largest provider of district energy and says the launch of a Heat Networks Investment Program by the Department for Business, Energy and Industrial Strategy is a ‘step change’ in the UK’s approach to heat networks.
The programme has been introduced to inject capital funding into heat network projects, which the government says offer a viable and long-term solution to decarbonized heat.
“District energy is a tangible and established solution to decarbonization,” said Andrew Hart, Managing Director for ENGIE’s UK Urban Energy business, “and this significant government program could be the catalyst for real change. The availability of grants and loans for this sector will support further schemes that couldn’t previously be developed, due to poor returns.”
Hart said ENGIE’s UK business “has invested £250 million in local authority-centric district energy schemes and are actively supporting council’s to form partnerships and develop schemes. This capital funding will unlock those projects and allow both us and local authorities to invest significantly in further district energy schemes”.
Full Article
Continue Reading
#News#MemberNews#ENGIE#UnitedKingdom#EmissionsReduction#DistrictHeating