Triple Point Heat Networks Investment Managment

£320m

Heat Networks Investment Programme

£40m

of funding delivered to successful heat network applicants

Triple Point Heat Networks Investment Managment

£320m

Heat Networks Investment Programme

£40m

of funding delivered to successful heat network applicants

The Power of Heat

Heat networks have been proven around the world as a reliable, cost-effective and low carbon means of providing heat, yet in the UK just 2% of buildings are heated in this way. The Clean Growth Strategy's illustrative 2050 pathways suggest that around one in five buildings could be heated by a largely low carbon district heat network by 2050.

Heat networks have the potential to reduce bills, support local regeneration and be a cost-effective way of reducing carbon emissions from heating - and they are the only way we can exploit larger-scale renewable and recovered heat sources (like the latent heat from large rivers and urban recovered heat - such as from the London Underground). 

The Power of Heat

Heat networks have been proven around the world as a reliable, cost-effective and low carbon means of providing heat, yet in the UK just 2% of buildings are heated in this way. The Clean Growth Strategy's illustrative 2050 pathways suggest that around one in five buildings could be heated by a largely low carbon district heat network by 2050.

Heat networks have the potential to reduce bills, support local regeneration and be a cost-effective way of reducing carbon emissions from heating - and they are the only way we can exploit larger-scale renewable and recovered heat sources (like the latent heat from large rivers and urban recovered heat - such as from the London Underground). 

The Department of Business, Energy and Industrial Strategy designed the Heat Network Investment Project to stimulate growth in this nascent sector and soon thereafter, launched a competition to identify a partner with the skills, experience and vision to originate and appraise investment opportunities on its behalf.

The competition - now regarded as an exemplar of UK government engagement with the  private sector – was won by Triple Point Investment Management LLP and the £320m fund  which opened in January 2019 has recently announced its initial deployments of up to £40m of grant and loan awards to seven schemes which, when commissioned will deliver more than 154,000 tonnes of CO2 savings, the equivalent of planting 411,500 trees.

The Department of Business, Energy and Industrial Strategy designed the Heat Network Investment Project to stimulate growth in this nascent sector and soon thereafter, launched a competition to identify a partner with the skills, experience and vision to originate and appraise investment opportunities on its behalf.

The competition - now regarded as an exemplar of UK government engagement with the  private sector – was won by Triple Point Investment Management LLP and the £320m fund  which opened in January 2019 has recently announced its initial deployments of up to £40m of grant and loan awards to seven schemes which, when commissioned will deliver more than 154,000 tonnes of CO2 savings, the equivalent of planting 411,500 trees.