Kingspan Insulated Panels is one of the first two companies in the UK to access funding from the governments flagship initiative, the UK Green Investment Bank. The £5 million fund will be used to further improve the energy efficiency of the main manufacturing site at Holywell in North Wales, as part of Kingspans ambitious plans to achieve net zero energy by 2020.
The Holywell site is one of the largest panel manufacturing facilities of its kind in the world, and Kingspan has already made considerable investments in the fabric of the buildings to enhance thermal efficiency, and in the installation of renewable technologies to generate energy. As part of the ongoing drive towards sustainable development, earlier initiatives saw the Holywell site become accredited zero waste to landfill in 2011, and achieve the Carbon Trust Standard in 2012.
This will be the first investment by fund manager Sustainable Development Capitals (SDCL) UK from the Energy Efficiency Investments fund, which supports projects that reduce energy demand and costs, and improve efficiencies in the non-domestic market. The system provides 100% of the upfront costs in return for a share of the energy savings achieved. The project will be designed and delivered by Johnson Controls Inc, global experts in the optimisation of energy and operational efficiencies in buildings.
Work is expected to start in December this year, and will involve measures such as the installation of energy metering, building management systems, a lighting upgrade with a full digital addressable lighting interface control system, motor replacement, compressed air system upgrade and fan optimisation. These measures are expected to reduce electricity consumption by up to 15%, making it easier for the renewable technologies installed on site to meet demand.
Gilbert McCarthy, Managing Director of Kingspan Insulated Panels said: We are delighted to be involved in this first Green Investment Bank project, which will blaze a trail, not just for our own net zero energy targets, but for any company that is serious about reducing energy demand and carbon emissions. Industry has been too complacent for far too long about energy supply; it is time to realise that resources are finite and that we need to take strong measures to conserve them and in the process achieve substantial cost savings through improved energy efficiency. We aim to be the company that demonstrates how it can be done.