The UK's Green Investment Bank (GIB) and De Lage Landen (DLL) have announced a £50m funding alliance aimed at supporting NHS energy efficiency projects.
The NHS is one of the UK's most energy-intensive organisations, spending more than £750 on energy costs each year.
To bring these costs down, and improve energy efficiency across the NHS estate, GIB and DLL are now working with trusts to increase adoption of green technologies.
This week, the two organisation announced a further £50m funding of NHS energy efficiency measures.
As with previous NHS energy efficiency projects, the trusts and health boards that will benefit from the new funding will not need to find the capital upfront. The money saved by reducing their energy bills more than covers the cost of the repayments.
GIB estimates that energy efficiency measures across the UK could cut the NHS's current £750m energy bill by up to 20%, saving £150m each year.
Investing in energy efficiency isn't just about cost savings and environmental benefits. Investment in energy efficiency could also provide the NHS with more reliable and resilient systems that would significantly reduce costs and operating risks.
The NHS has already adopted a target to cut its greenhouse gas emissions by 10% by 2015. By introducing energy efficiency measures today, such as combined heat and power, LED lighting, enhanced heating and ventilation, smarter control systems as well as biomass boilers, greenhouse gas emissions could be cut quickly by up the 30%, with energy saving more than compensating for the costs of the updated technology.
Compliance365 is an independent energy consultancy. We provide advice and guidance on all our services; how to save energy; how to save money on your energy bills; and ultimately how to become more energy efficient. Our aim is to be as cost effective and flexible as possible for our clients.
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