Triple Point Heat Networks Investment Management, comprised of Triple Point, AECOM, Asteros, Amberside Advisors, Gemserv, and Lux Nova, will continue to deliver the Green Heat Network Fund (GHNF), following a competitive tender process.
The delivery partner team has a proven track record of delivering the Government’s flagship heat network capital grant schemes, having previously partnered with the Government to deliver the Heat Networks Investment Project (HNIP), which commenced in 2018.
The new contract will enable the continued delivery of the scheme, and the deployment of additional funding that may become available, along with the monitoring and reporting of projects supported by the GHNF and the HNIP. This third consecutive award reinforces the delivery partner team’s place at the heart of the country’s thriving heat network market. Since the GHNF’s inception, the fund has awarded more than £621 million to 63 projects. Once operational, these low carbon heat networks will connect nearly 70,000 homes and 1,700 non-domestic customers, while reducing carbon emissions by more than 395,000 tonnes per year over the next 40 years.
You can find out more about some of the heat networks supported by the GHNF on our project page.
Minister for Energy Consumers, Miatta Fahnbulleh, said:
“Developing heat networks with a green heating source not only helps our mission to reach net zero but also helps communities to benefit from low-cost and efficient heating.
“Our Green Heat Network Fund supports innovative projects to do this, with low-carbon heat from sources such as data centres and factories providing hot water to connected buildings.
“This new contract means we will work with Triple Point to support the creation of more heat networks as we make Britain a clean energy superpower.”
Ken Hunnisett, Programme Director, said:
“We’re incredibly proud to continue our work with the Government at such an exciting time for heat networks. This contract reflects our long-standing commitment to professionalising the market and creating opportunities for sustainable growth.
“With heat network investment potential estimated to be as much as £100 billion by 2050, we take pride in the role we’ve played in embedding and expanding this industry across the UK. We’re eager to be at the forefront of delivering a commercially driven, self-sustaining district heating sector, one that supports the UK’s net zero ambitions and attracts substantial patient, private capital.”
