British renewable company Thrive Renewables has invested £350,000 in ground source heat pump installer Rendesco, forming part of a £5.5m seven-year bond financing the installation of 100 pumps in retirement homes across England. It is predicted that the investment will help to prevent 4,000 tonnes of carbon emissions per year, as it provides a cleaner alternative to the traditional source of natural gas. Currently, space heating and hot water makes up 80% of UK residential energy consumption, with nearly 40% of the nation’s energy demands being for heat. Natural gas provides power for 70% of these demands, resulting in 20% of the UK’s carbon emissions. Ground source heat pumps, which channel heat from the ground into appliances, have a much less harmful environmental impact as they use less electricity than they produce.
Power Technology 24th Aug 2018 read more »