Smart Cities World
Summary
A district heat network (DHN) project in Manchester that aims to create jobs, reduce carbon, and help deliver a net-zero city by 2035 has been awarded £14.6m.
The Octagon Project Energy Network (Open) received the backing from Triple Point Heat Networks Investment Management as part of the UK government Heat Networks Investment Project (HNIP) funding.
The project is being undertaken by Manchester Energy Partnership Limited (MEPL), a joint venture between Manchester property development and energy specialist, Sustainable Energy Supplies and Electricity North West (Construction and Maintenance).
The £30m first phase of the project has been catalysed by funding from the Department of Business Energy and Industrial Strategy (BEIS) through the HNIP scheme, with additional investment coming from the project sponsors. Part of the BEIS funding has been received as a grant to assist with the commercialisation and pre-construction phase of the project, with the remaining investment in the form of a construction loan.
The consortium has been working for five years with Manchester City Council and the Greater Manchester Combined Authority to create the Open DHN, to be anchored by offtake from Manchester Royal Infirmary NHS Hospital, and, reportedly, set to become one of the largest and most diverse decentralised energy networks in the UK.
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