The UK’s Green Investment Bank (GIB) and De Lage Landen (DLL) have announced a £50m funding alliance focused on supporting NHS energy efficiency projects.
Under the scheme, GIB and DLL will work with NHS trusts to improve energy efficiency and save money.
Both parties are investing £25m and the first project will be at Queen’s Medical Centre, part of Nottingham University Hospitals NHS Trust, where £7.5m will be invested in the installation of a suite of energy production and reduction measures. The project has been developed under the Carbon and Energy Fund (CEF) framework and will be delivered by Interserve.
As one of the country’s most energy-intensive organisations, the NHS could save money by putting in place energy efficiency measures
As with previous NHS energy efficiency projects, the trusts and health boards that will benefit from funding will not need to find the capital upfront.
GIB estimates that the measures could, across the UK, cut the NHS’s current £750m energy bill by up to 20%, saving £150m each year.
Shaun Kingsbury, chief executive of GIB, said: “As one of the country’s most energy-intensive organisations, the NHS could save money by putting in place energy efficiency measures. That’s why GIB has committed to back a wave of projects to modernise and better equip NHS facilities and systems. Everything is tailored to the needs of the NHS.
“The project at Queen’s Medical Centre is expected to reduce the trust’s energy costs and save around 7,400 tonnes of CO2 each year, equivalent to taking 3,300 cars off the road.”
We are pleased to be working with partners to do all we can to reduce energy costs and emissions and seek to find ever-more-innovative ways of reducing energy use
Bill Stephenson of DLL, added: “In today’s rapidly-changing world DLL sees innovation, like the development of energy efficient technology, as a fundamental factor to commercial success and a sustainable world."
And commenting on the Nottingham project, Andrew Camina, the hospital's hard FM compliance manager, said: “We are pleased to be working with partners to do all we can to reduce energy costs and emissions and seek to find ever-more-innovative ways of reducing energy use.”
