Unlock Your Heat Network Scheme
Heat Networks Investment Project (HNIP) funding available in England and Wales
Heat Networks have been proven around the world as a reliable, cost-effective and low carbon means of heat yet just 2% of buildings are heating this way in the UK. To provide much needed scale to this market, the Government is committed to investing £320m of support to individual projects across England and Wales. This will be delivered through a Heat Networks Investment Project (HNIP) launched by the Department for Business, Energy and Industrial Strategy (BEIS).
BEIS has appointed Triple Point Heat Network Investment Management to the role of Delivery Partner for the project. Comprised of a group of professional firms, we will ensure that heat network projects are well-designed, commercially viable and beneficial for consumers. Triple Point Heat Networks Investment Management is excited to be working alongside BEIS to deliver affordable and dependable low-carbon heat across the country. Using a mix of Government and private sector funding, we will help to build a self-sustaining and transformative heat energy market which offers affordable and reliable heat.
What is a Heat Network?
Heat networks (sometimes referred to as district heating) are a distribution system that takes heat from a centralised source and delivers it to a number of different buildings. These heat networks also form an important part of the Government’s plan in the future of low carbon heat, in particular in cities and high-density areas. Heat networks can decarbonise more easily compared to most other heat sources because new technologies can be added to the system with little disruption to individual householders. They provide a unique opportunity to exploit larger scale, renewable and recovered heat sources that can’t be accessed at an individual building level. Heat networks also provide system benefits such as thermal storage and reducing the energy demand of the grid at peak times. It is estimated by the Committee on Climate Change that around 18% of UK heat will need to come from heat networks by 2050 if the UK is to meet its carbon targets cost-effectively. BEIS expect that heat networks will have a strong role to play in delivering low carbon heat to homes in future.