investment
Octopus and Legal & General investment in ground source tech will drive down costs and kick start the sector.
Mitsubishi Electric is giving its Livingston ‘smart factory’ a £15.3m uplift to significantly increase its production of low-carbon heat pumps
The latest investment in decarbonisation from Solarwatt includes a state-of-the-art solar module production line and the inauguration of two new energy storage production lines
Add this to the backdrop of record rising energy costs now at levels not seen since 2008, smaller energy suppliers collapsing and the impending release of the cap on standard energy tariffs from October and there is a perfect storm brewing, just as the UK prepares to host the biggest climate change summit in November (COP26).
More investment
Rumours have surfaced today that the Green Home Grant Voucher Scheme (GHGVS) will be scrapped in Chancellor Rishi Sunak’s budget announcement, coming next week. Highlighted by nearly 20 organisations representing or working within energy efficiency and low carbon heating sector, scrapping the scheme will put jobs in jeopardy and endanger the UK’s abilities to reach net zero targets at risk.
Over £165 million of Heat Networks Investment Project (HNIP) funding has been awarded since the scheme opened for applications in 2019. The most recent recipient is Kent County Council who has secured £2,478,000 to support the development of a low carbon heat network in Maidstone.
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