GE (which will provide commercial and technical support) has co-launched, with Clarke Energy, (installer of 770 CHP engines in the UK to date), fund manager SDCL EE (principal fund manager for the Green Investment Bank), and the NHS Confederation, a new funding scheme.
‘Powering Health: Fully Funded CHP Solutions’, that the project partners say will enable the delivery of CHP systems for qualifying UK healthcare clients ‘with no upfront investment requirement’. The Fund will finance the design, installation, and servicing, of bespoke systems and solutions. The scheme partners say: “Under a 7-10 year energy services agreement, the Fund will invest in CHP systems to provide sustainable heat and power, and share in the measured, verified, energy cost savings. At the term’s end, all future savings and system ownership will revert to the client.” Key claimed benefits of the new funding scheme include:
• A services agreement with no upfront investment requirement.
• High efficiency, low carbon heat and power at lower cost.
• Innovative solutions under a performance-based contract.
• Design and operational risks transferred to the Fund.
