Marketplace

  • Pollywood Ltd Movers & Shakers
    Pollywood Ltd

    Changing the face of construction with a new way to use wood

    Pollywood Ltd are a British start-up, who aim to change the face of construction. Wood is gaining new advocates in off-site construction. Pollywood's strength and light weight will add a new way to use wood for building.

  • RWM 2019 - showguides Trade Shows & Conferences
    RWM 2019 - showguides

    Free RWM showguides are being posted this month

    In just 5 short weeks, 14,000 environmental professionals will flood to the UK's largest recycling and waste management event; RWM exhibition. Very soon show tickets and the official RWM 2019 showguide will be delivered to RWM ticket holders in the post. The showguides are everything you need to plan your day; including show highlights, speaker profiles, the exhibitor directory, full timetable and floorplan.

  • Micro-Epsilon UK Energy & Resource Management
    Micro-Epsilon UK

    Sensor solutions for predictive maintenance of wind turbines and generators

    Precision sensor technologies are not only proving their value during the production and testing of wind turbines, but also in the real time condition monitoring of operationally active onshore and offshore wind farms, says Chris Jones, Managing Director of Micro-Epsilon UK.

  • ABB Energy & Resource Management
    ABB

    InterContinental Hotel deploys ABB technology to cut energy usage by 40 percent

    A landmark hotel in Madrid is saving energy and meeting its environmental goals after equipping its heating, ventilation and air conditioning (HVAC) systems with ABB drives and high efficiency motors. Energy usage has been reduced by 445,000 kWh a year – enough to boil two million kettles of water.

rwm 2019 homepqge button

Flood expo button

Wednesday, 28 January 2015 11:07

£173 million school energy overspend due to inefficient equipment

As a result of inefficient technology and old equipment, UK schools are overspending by £173 million per year on their energy bills, according to a study conducted by the Energy Efficiency Financing (EEF) scheme, a joint initiative between the Carbon Trust and Siemens which can overturn this situation .

school waste energy2 copyThe EEF scheme has analysed the sector's use of lighting, heating, cooling and ventilation and other areas of energy consumption in schools and has revealed the huge opportunity the education sector has to save energy and cost and carbon emissions, were they to invest in more energy-efficient equipment.

The analysis, based on official sources and proprietary EEF data, examined a number of sectors to calculate the amount that they were overpaying on their energy bills because of inefficient technology, equipment and controls.

The EEF scheme, which provides organisations with finance for the acquisition of energy-efficient and renewable energy equipment, regularly highlights the difficulties that organisations have in allocating budget for energy-efficiency investments. This is especially the case in government funded schools which remain under pressure to reduce spending and achieve budget efficiencies.

Darren Riva, Head of Green Financing of the EEF scheme, comments: "Our analysis has shown that there is a huge market potential for cost effective energy savings enabled by green technology in the education sector, amounting to more than £173 million. That potential energy saving covers heating, lighting, cooling and ventilation, amongst others.

"Over the past few years, limited access to affordable finance has been hindering green investments. That is why EEF was created – a joint financing initiative between the Carbon Trust and Siemens – to make finance more accessible and affordable. The EEF scheme matches monthly payments to real monthly energy cost savings, which means that organisations effectively end up paying no extra for their new equipment investment. These investments improve organisational efficiency, cut carbon and boost the green growth."


Myles McCarthy, Managing Director of Carbon Trust Implementation Services, said: "The EEF research figure demonstrates the huge opportunity the education sector has to save energy and cost. Schools who are using energy efficiently can therefore expect to reap huge benefits. We are already seeing increasing demand amongst schools for us to help them get to grips with energy efficiency and capture the associated cost savings."

To help schools raise finance for green investments, the EEF scheme covers a wide range of technologies including solar photovoltaic panels, low energy lighting and biomass heating, amongst others. Any school is able to apply for new green growth finance from the scheme, which is designed to match monthly payments with the equivalent savings from lower energy consumption/or income from energy generation. The Carbon Trust will apply its expertise in carbon saving from energy-efficient technologies to provide a reliable and trusted assessment of the carbon, energy and cost savings of any application for finance. Siemens Financial Services Limited in the UK provides the financial backing and manages the provision of funding.

Any school wishing to apply to the scheme to finance the implementation of energy-efficient and renewables technologies, or any equipment supplier wishing to offer the scheme to its customers, should visit: www.energyefficiencyfinancing.co.uk