Heat Networks Investment Project applications process announced
In October the government launched the ¬£320 million Heat Networks Investment Project (HNIP) to support the development of heat networks.
The application guidance process has now been released with the scheme due to open for applications soon.¬† More information can be found here.
This funding¬†enables¬†schemes¬†to be built¬†that connect¬†domestic energy¬†consumers and non-domestic users such as hospitals, schools and council buildings¬†to a heat network and allow them to reduce¬†their heating¬†bills¬†and¬†lower¬†their carbon¬†footprint.
HNIP¬†will offer grants and loans to both the public and private sectors in England and Wales¬†and¬†aims¬†to leverage in¬†¬£1bn of private sector and other investment to accelerate the growth in¬†the heat networks market.
Heat networks will play a vital role in the long-term decarbonisation of heating, as they provide a unique opportunity to exploit larger scale renewable and recoverable heat sources.¬† As¬†the illustrative pathways¬†set out in the¬†Clean Growth Strategy¬†show, heat networks could meet up to 17% of heat demand in homes and up to 24% of heat demand in industrial and public sector buildings by 2050.
The scheme will be developed and administered by Triple Point¬†Heat Networks Investment Management¬†who work with the investment community to leverage in third party investment for projects.¬† Triple Point will work alongside several partners including AECOM Ltd,¬†Amberside¬†Advisors Ltd, BDO LLP, Ecuity Consulting LLP,¬†Gemserv¬†Ltd and Lux Nova Partners Ltd.
For further information about¬†the scheme¬†contact KTN‚Äôs Knowledge Transfer Manager for Sustainable Energy, Jenni McDonnell and¬†to¬†join the HNIP mailing list to receive updates,¬†please contact¬†the delivery partner here.