In the last 4 years, Amberside Advisors has been proud to be a part of the Triple Point Heat Networks (TP Heat Networks) team working with the Department for Business, Energy & Industrial Strategy (BEIS) to deliver the Government’s flagship Heat Networks Investment Project (HNIP).
Since the start of HNIP, Amberside and the wider TP Heat Networks team have helped to deliver more than £250m of funding, in the form of both grants and loans, across 12 rounds of applications, supporting heat network projects with capex exceeding £800 million. The projects funded by HNIP will make significant contributions towards the Government’s net zero target by enabling them to decarbonise by transitioning to low carbon technologies, including heat pumps and waste heat from industrial processes.
Some of the larger projects funded by HNIP include:
A total £10.7 million award to Cranbrook, a new town in East Devon, for the development of around 2,800 homes and a low carbon Skypark business park with a single heat network serving both developments
Energetik has been awarded £39 million across two applications for the construction and two major extensions to the Meridian Heat Network across the London Borough of Enfield
Veolia has been awarded over £16 million to bring EfW sourced, low-carbon, heat network to Southwark to support future growth at a new regeneration area aimed to accommodate 20,000 new homes over the next 15 years
To read more about the successfully funded HNIP projects, click here: https://tp-heatnetworks.org/funded-projects/
Amberside and the rest of the TP Heat Networks team’s hard work has been rewarded by being confirmed as the Delivery Partner for the subsequent Green Heat Network Fund (GHNF) – to read more about GHNF, click here: https://amberside.uk/triple-point-heat-networks-to-continue-supporting-the-growth-of-the-uks-heat-networks-market/
Richard Turner, Director at Amberside Advisors, commented:
“Amberside Advisors are very proud to be part of the successful TP Heat Networks Delivery Partner team. Heat networks currently provide just 3% of UK heat demand but to meet the UK’s net zero targets this is likely to need to increase to c.20% by 2050, requiring investment of £60-80 billion. This represents the biggest heat network investment opportunity in Europe and Amberside Advisors are delighted to be at the heart of delivering this programme.”
The Triple Point Heat Network Investment Management is comprised of the following organisations: Triple Point Investment Management, Amberside Advisors, AECOM, Gemserv, Lux Nova Partners Ltd and Asteros Advisors.