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Oakes Energy Supports UK Energy Efficiency Housing Project (Int'l.)
Oakes Energy Services
Date: 2019-08-30
Energy efficiency services provider Oakes Energy Services Limited in the UK reports it is working with UK ground source heat pump manufacturers Kensa Heat Pumps and its contract division, Kensa Contracting, on the installation of energy efficient communal ground source heating systems at sites operated by the Halifax-based not-for-profit Together Housing which manages 36,000 homes in the Yorkshire and Lancashire areas.

To date, the company has already completed around 70 installations in one high-rise apartment building and is currently working on a number of flats before beginning work on individual homes. (Source: Business Up North, 29 Aug., 2019)Contact: Oakes Energy Services, +44 1429 837662, www.oakesenergy.co.uk; Together Housing, www.togetherhousing.co.uk

More Low-Carbon Energy News Energy Efficiency,  


Earth Capital Quits UK Energy Efficiency Investments Fund (Int'l)
Earth Capital
Date: 2019-02-08
Earth Capital reports its Nobel Sustainability Fund has exited the UK Energy Efficiency Investments Fund (UKEEI) through the sale of the Fund's assets via a December, 2018, £100 million IPO.

Earth Capital's Nobel Sustainability Fund was invested in UKEEI alongside the Green Investment Bank, Earth Capital investee SDCL EEco (SDCL), the European Investment Bank and other institutional LPs.

Earth Capital made a series of pioneering investments in the UK Energy Efficiency market including LED lighting, Combined Heat and Power and biomass heat. Companies in the UK benefiting from the Fund's investment include Santander Bank, Citigroup, Moy Park, NCP, and St Bartholomew's Hospital, all of which had energy efficient products installed by the Fund. (Source: Earth Capital, Private Equity Wire, 7 2019) Contact: Nobel Sustainability Growth Fund, Earth Capital UK Ltd., Gordon Power, CEO, info@earthcapital.uk, www.earthcapital.uk/nobel-sustainability-growth-fund

More Low-Carbon Energy News Energy Efficiency,  Earth Capital,  


First UK Energy Efficiency Income Trust Fund Launched (Int'l)
SDCL Energy Efficiency Income Trust
Date: 2018-12-12
Further to our 26th November coverage, in a London launched IPO, shares in London's first listed energy efficiency fund -- SDCL Energy Efficiency Income Trust (SEEIT) -- began trading yesterday as the firm raised £100 million. Proceeds from the IPO will go towards acquiring a seed portfolio, which will invest in energy efficiency related projects.

The SEEIT fund is hoping to capture the move towards carbon footprint reduction and decentralized energy generation. SEEIT is targeting £150 million and a total return of 7 pct to 8 pct per year, with a targeted initial dividend yield of 5 pct , rising to 5.5 pct in the year ending March 2021. (Source: SEEIT, Energy Voice, Dec. 11, 2018) Contact: SEEIT, Jonathan Maxwell, CEO, +44 (0) 207 287 7700, Fax - +44 (0) 207 806 8100, info@sdcl-ib.com, www.sdcl-ib.com

More Low-Carbon Energy News Energy Efficiency,  SEEIT,  


UK Killing Mandatory CRC Energy Efficiency Scheme (Int'l)
Energy Efficiency
Date: 2018-08-01
The U.S. law firm of Latham & Watkins LLP is reporting the upcoming demise of the UK government's 2010 vintage mandatory Carbon Reduction Commitment (CRC) Energy Efficiency Scheme.

The CRC is a mandatory carbon emissions trading scheme that applies to large UK business and public organizations. The CRC was aimed at increasing energy efficiency and reducing carbon emissions from large non-intensive energy users that, over the course of a year, used more than 6,000 megawatt-hours (MWh) of certain electricity and had at least one half-hourly meter settled on the half-hourly electricity market. Under the CRC, participant organization were required to: collate information and report on its energy supplies; purchase and surrender allowances equal to the CO2 emissions it generated; advise the Environment Agency on changes that could affect that organisation's registration; and maintaine a record of its energy consumption and supplies.

The CRC scheme was widely criticized for adding an administrative burden to non-energy intensive companies such as large offices and hotels. The Climate Change Levy (CCL) will be increased from April 2019 to compensate and to "cover the cost of CRC abolition in a fiscally-neutral reform." (Source: Latham & Watkins LLP, Blog, 30 July, 2018) Contact: Latham & Watkins LLP, www.lw.com

More Low-Carbon Energy News UK Energy Efficiency,  Energy Eficiency,  


UK BEIS Funding Industrial Energy Efficiency Technologies (Int'l)
BEIS,Energy Efficiency
Date: 2018-06-15
In London, the UK Government Department of Business, Energy and Industrial Strategy (BEIS) reports it expects to invest around £100 million in low carbon industrial innovation to reduce the risks and costs of accelerating the roll out of low carbon technologies.

To support innovation in energy efficient technologies, the government will be investing up to £9.2 million for an Industrial Energy Efficiency Accelerator, to be delivered over the next 4 years. This Accelerator will seek industry-specific solutions that are close to commercialization by leveraging private sector investment and strengthening UK supply chains to reduce energy costs for UK industry.

After a competitive process, the Carbon Trust has been awarded the contract to help BEIS deliver this programme. The Carbon Trust has been holding events to engage with both industry and their suppliers, and the competition is now open to applications.

BEIS recently committed £560,000 to 2 projects in the first round of the Industrial Energy Efficiency Accelerator (IEEA). The IEEA aims to broaden the range of technologies available for industrial energy efficiency. (Source: GOV.UK, Devdiscourse, 14 June, 2018)Contact: BEIS, https://itportal.beis.gov.uk

More Low-Carbon Energy News UK Energy Efficiency,  Energy Efficiency,  Energy Efficiency Incentive,  


UK PM May Pledges Net-Zero Energy Buildings by 2030 (Int'l Report)

Date: 2018-06-11
In a recent speech at the Jodrell Bank observatory complex in Cheshire, UK the Prime Minister Theresa May is reported to have vowed to slash the energy use in buildings by half by 2030, as part of her Government's Industrial Strategy. The PM also pledged to halve the energy costs for existing commercial and residential buildings. Heat and power for buildings currently account for 40 pct of country's energy consumption.

The Prime Minister noted that her government's Industrial Strategy would act as a "catalyst for new technologies" that could then be exported to a "global market for clean technologies." The strategy aims to achieve net zero carbon from 2030, as well as set long-term incentives for retrofitting homes and commercial buildings. (Source: edie, Various Other Media, May, 2018)

More Low-Carbon Energy News UK Energy Efficiency,  Energy Effeciency,  Net-Zero,  


UK Construction Ind. Calls for Zero-Carbon Buildings by 2030 (Int'l)
UK Green Building Council
Date: 2018-03-28
In the UK, over 50 business leaders have called on the government to set much stricter energy efficiency targets to help reduce carbon emissions and drive investment in the construction industry.

According to the UK Green Building Council (UKGBC), there is wide consensus on the role the built environment plays in the UK's carbon emissions and the UKGBC is looking to Government to provide policy certainty in order to drive investment and innovation.

Download the building industry group letter HERE. (Source: Europe Carbon Reduction, UK GBC, Climate Action Program, 27 Mar., 2018) Contact: UKGBC, Julie Hirigoyen , CEO, +44 (0) 20 7550 0625, info@ukgbc.org, www.ukgbc.org

More Low-Carbon Energy News UK Energy Efficiency,  UK Green Building Council,  


India's Energy Efficiency Services Planning UK IPO (Int'l)
Energy Efficiency Services
Date: 2017-05-12
In New Delhi, India's state-backed Energy Efficiency Services Ltd. (EESL) reports is considering an IPO in Q4 as part of a plan to expand its power-savings business modelin to the U.K. The company is also planning a September issuance of $100 million in bonds and plans to invest £100 million ($129 million) over the next three years in various UK energy efficiency programs, according to a government email. EESL has also acquired two UK operating companies running energy efficiency programs for £6.8 million.

EESL is a joint venture between the India Ministry of Power and state-backed companies in the power sector such as NTPC Ltd., Rural Electrification Corp., Power Grid Corp. of India Ltd., Power Finance Corp., as well as the Bureau of Energy Efficiency. (Source: Energy Efficiency Services India Ltd., LiveMint, Others, 9 May, 2017) Contact: Energy Efficiency Services India, Saurabh Kumar , Managing Dir., www.eeslindia.org

More Low-Carbon Energy News Energy Efficiency Services,  

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