According to the findings , new financial incentives, energy market trends and building regulations are combining to create a compelling case for UK businesses to generate their own renewable energy.
With energy prices set to grow by up to 37% by 2020, the opportunity to reduce utility bills is a strong incentive for investigating renewable energy options. Government initiatives such as Renewable Heat Incentive (RHI) and Feed in Tariff (FiT), are also designed to act as incentives for businesses to act quickly and benefit from the capped level of funding on offer.
Anarobic digestion offers highest rate of return
Anaerobic digestion (AD), wind, biomass heating systems and ground source heat pumps are some of the most attractive and practical renewable energy technologies for UK businesses, the report reveals.
AD grid injection and biomass boilers offer the highest average internal rate of return. However, there is a wide variance in returns from renewable energy, with different factors determining the overall effectiveness of the different methods on an individual basis. The factors include whether a company should purchase or directly generate renewable energy; whether to adopt on or offsite projects, levels of internal expertise and the implications through an organisation’s extended supply chain.
As part of the project, the Carbon Trust Advisory conducted interviews with leading companies to find out about the challenges, opportunities and best practice associated with implementing renewable energy measures. Utility companies are amongst the industries with the most to gain, according to the research.
Commenting on the report, Hugh Jones, Managing Director, Carbon Trust Advisory, said:
“This report should help convince more UK businesses to move to renewable energy. However, selecting the right strategy for renewable energy can be a complex area and we recommend that businesses make a staged approach to adoption. This includes trialling different measures, testing their viability and doing this sooner rather than later before energy price increases and regulatory pressure become more pressing.”
Barhale has completed work on two separate Rapid Action Taskforce Spills projects it is carrying out for Severn Trent.
Börger UK, which has firmly established itself as a leading pump brand since it was set up in Staffordshire in 2004, has moved into bigger, brand-new premises in Shrewsbury.
HUBER Technology UK & Ireland are inviting people to register for their March webinar where they will be providing information about HUBER water intake screens for municipal and industrial applications.
Sulzer has launched a new global Center of Excellence (CoE) for Water Treatment Solutions - the CoE consolidates Sulzer’s wastewater treatment expertise in a unified and global manner.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.