17-Oct-18

Sustainable heat hots up with £320m of government funding

The UK Government plans to offer a series of grants and loans to both the public and private sectors

By Jonny Bairstow for Energy Live News

The UK Government has launched the Heat Networks Investment Project (HNIP), which will invest £320 million in heat networks across the country.

It has appointed Triple Point Heat Networks Investment Management to deliver the scheme – the firm will be responsible for allocating and deploying capital, which it expects to leverage around £1 billion of private finance.

The money will be used to provide a series of grants and loans to both the public and private sectors, helping increase the market share of the technology, which experts suggest is likely to play a key role in the solving the challenge of decarbonising heat.

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