UK Minister visits Cory, Vattenfall low-carbon heat project
UK Minister Lord Callanan visited Cory’s Riverside energy from waste (EfW) facility near London to discuss the development of one of the UK’s largest heat networks.
Cory, working with Vattenfall, will use spare heat from the facility to develop a heat network that will serve 21,000 local homes with low-carbon heat.
The project will be part-funded by a £12.1 million (€14 million) award from the UK Government’s £320 million (€375 million) Heat Networks Investment Project (HNIP) in April 2021. The funding comprises a £1.6 million (€1.8 million) commercialisation grant and a £10.5 million (€12.3 million) construction loan, delivered by Triple Point Heat Networks Investment Management.
Over recent weeks, UK Minister for Business, Energy and Corporate Responsibility, Lord Callanan, has been touring projects awarded HNIP funding to meet the teams behind the future of low-carbon heating in the UK.
Cory’s existing Riverside EfW facility will provide heat for up to 10,500 homes in Bexley in the first phase of the proposed network. A second EfW plant – adjacent to the existing one, forming part of Cory’s Riverside Energy Park, which received planning permission in April last year - will supply an additional 10,500 homes.
“We are very pleased that Lord Callanan and the UK Government are supporting the development of one of the UK’s largest heat networks powered by spare heat from Cory’s EfW facility,” said Dougie Southerland, chief executive of Cory.
“This is a major step towards net zero, providing low-carbon heat for thousands of homes and businesses in Bexley and its surrounding boroughs.”
Lord Callanan commented: “Heating our homes and workplaces is one of the UK’s main sources of carbon emissions. Establishing one of the country’s largest heat networks shows how these cutting-edge low-carbon technologies are vital in allowing us to meet our bold climate change commitments, making our towns and cities cleaner places to live and work.
“Thanks to Cory and Vattenfall working together, and backed by more than £12 million (€14 million) of government funding, as many as 21,000 households are going to feel the direct benefits as we build back greener from the pandemic.”
Cory, working with Vattenfall, will use spare heat from the facility to develop a heat network that will serve 21,000 local homes with low-carbon heat.
The project will be part-funded by a £12.1 million (€14 million) award from the UK Government’s £320 million (€375 million) Heat Networks Investment Project (HNIP) in April 2021. The funding comprises a £1.6 million (€1.8 million) commercialisation grant and a £10.5 million (€12.3 million) construction loan, delivered by Triple Point Heat Networks Investment Management.
Over recent weeks, UK Minister for Business, Energy and Corporate Responsibility, Lord Callanan, has been touring projects awarded HNIP funding to meet the teams behind the future of low-carbon heating in the UK.
Cory’s existing Riverside EfW facility will provide heat for up to 10,500 homes in Bexley in the first phase of the proposed network. A second EfW plant – adjacent to the existing one, forming part of Cory’s Riverside Energy Park, which received planning permission in April last year - will supply an additional 10,500 homes.
“We are very pleased that Lord Callanan and the UK Government are supporting the development of one of the UK’s largest heat networks powered by spare heat from Cory’s EfW facility,” said Dougie Southerland, chief executive of Cory.
“This is a major step towards net zero, providing low-carbon heat for thousands of homes and businesses in Bexley and its surrounding boroughs.”
Lord Callanan commented: “Heating our homes and workplaces is one of the UK’s main sources of carbon emissions. Establishing one of the country’s largest heat networks shows how these cutting-edge low-carbon technologies are vital in allowing us to meet our bold climate change commitments, making our towns and cities cleaner places to live and work.
“Thanks to Cory and Vattenfall working together, and backed by more than £12 million (€14 million) of government funding, as many as 21,000 households are going to feel the direct benefits as we build back greener from the pandemic.”
