Rachel Fixsen, IPE Real Assets
When Triple Point Investment Management won the contract to be the delivery partner for the UK government’s investment in heating networks, project director Ken Hunnisett realised much of the hard work had already been done.
“One assertion we made in our bid was that in order for the project to be successful, we would need to engage and excite investors about the opportunity,” he says. “Clearly that was wrong – there’s already substantial engagement from a highly expectant investor community.”
The Heat Networks Investment Project (HNIP) pilot scheme that the Department for Business, Energy & Industrial Strategy (BEIS) has been running since October 2016 has already involved talks with third-party investors.
Heat networks – also known as district heating – are multi-user systems that distribute heat via insulated pipes from a central source to homes, offices or other buildings. That source of heat could be a combined heat and power plant, or heat recovered from industry and urban infrastructure, canals and rivers, or energy from waste plants.