1 minute read

Big

investment to expand ground source heat pumps across the UK

Big investment to expand ground source heat pumps across the UK

Octopus Energy and Legal & General Capital are investing £70 million in The Kensa Group to support the expansion of ground source heat pumps in the UK. The partnership aims to install 50,000 units annually by 2030 and make them more accessible to various property types, including social housing and non-domestic buildings. Kensa will use its expertise to reduce costs by offering networked heat pump solutions to builders and housing associations.

Octopus Energy and Legal & General Capital are investing £70 million in The Kensa Group to support the expansion of ground source heat pumps in the UK. The partnership aims to install 50,000 units annually by 2030 and make them more accessible to various property types, including social housing and non-domestic buildings. Kensa will use its expertise to reduce costs by offering networked heat pump solutions to builders and housing associations.

Dr Matthew Trewhella, CEO of The Kensa Group, comments: “This is a monumental moment for ground source heat pumps. This investment will help unlock Kensa’s vision of a mass transition to low carbon heating by replacing the gas

Dr Matthew Trewhella, CEO of The Kensa Group, comments: “This is a monumental moment for ground source heat pumps. This investment will help unlock Kensa’s vision of a mass transition to low carbon heating by replacing the gas

This article is from: