ELCO Heating Solutions has welcomed a new Industrial Energy Transformation Fund (IETF).
It said the government has introduced phase two of the IETF, allowing businesses in some of the most polluting and energy intensive industries to bid for a share of £220m in investment, to help cut their emissions.
“At ELCO, we welcome the investment from the UK government and believe it is necessary in order to drive up efficiencies and continually lower emissions from industry,” said Andreea Manoiu, pictured, national sales manager for ELCO Heating Solutions. “By combining incentives such as the IETF with the latest heating and hot water technology available, such as our heat pumps or very latest condensing boilers, it presents a tremendous opportunity.”
Under the new IETF, companies can obtain grants of up to £30m to invest in a wide range of actions including installing more efficient boilers and heat pumps.
“The UK needs to cut two thirds of emissions by 2035 in order to meet 2050 targets, and updating ageing heating and hot water equipment is key to putting the country on the right track,” added Andreea. “With the wide variety of heating and hot water technology available, we’re sure this initiative will have a positive impact, which is why we wholeheartedly support its introduction.”