Backed by £3 billion of public capital, the UK's
Green Investment Bank (GIB) has officially opened for business,
with a remit to make investments in industrial sectors including
non-domestic energy efficiency projects, biomass power, carbon
capture and storage, renewable heat and offshore wind. And it
has already announced two significant schemes - construction
of an anaerobic digestion plant on Teesside and a major retrofit
industrial energy-saving project.
The GIB aims to provide UK industry with financial solutions
to accelerate private sector investment in the green economy
-- what the Department for Business Innovation and Skills calls "addressing
market failures affecting green infrastructure projects".
GIB Chair Lord Smith said the bank has "the potential to
be a game-changing component of the UK's low carbon economy
and a profitable centre of excellence in specialist and renewable
Even so, the bank's initial £3 billion funding is
seen as relatively small considering the scale of its wide-ranging
remit. And its ability to borrow from 2015/16 hinges on the Government's
ability to meet the UK's debt reduction targets. Read
EVENTS & EDUCATION
to focus on heat pump technologies
A series of CIBSE-accredited CPD seminars on heat pump technology
is to be hosted by CHP and heat pump specialist ENER-G. More?
programme tackles key sustainability issues
Media and exhibitions group UBM has released details of the seminar
programme running as part of the 'Ecobuild the future' event at
London's Excel venue in March. More?
MACHINERY & PRODUCTION PROCESSES
motors exceed new IE4 regulations
Weg says its W22 Super Premium motor is the only complete standard
range available to exceed yet-to-be-implemented IE4 regulations. More?
Copco extends energy efficient compressor range
Range of AQ oil-free, water-injected screw compressors from Atlas
Copco has been extended with the introduction of new models from
15 to 30kW. More?
BUILDINGS & FACILITIES
screed saves time and energy costs
Vitaflex screed from TMM is an energy efficient, skin-safe building
material that saves construction time, waiting time, labour costs
and water. More?
material offers high level of heat insulation
Cemwood's new levelling product is made from sustainable
materials and offers high insulation performance for floors and
VEHICLES & TRANSPORT
coating to cut cost of fuel cell production
Materials company Impact Coatings seeks to change the economics
of fuel cell production with a new coating that reduces manufacturing
and universities study EV peak charging demand
A two-year project begins next month to study the impact that the
recharging of electric vehicles (EVs) may have on the local electricity
ENERGY PROCUREMENT & MANAGEMENT
supply communicates with higher-level controllers
Phoenix Contact's Quint UPS-IQ power supply is an intelligent
UPS that provides continuous data about the status of energy storage
range provides reliable power in critical applications
Offering 'three-level converter' technology, GE's new TLE Series
UPS can provide mission-critical facilities with efficient, reliable,
uninterruptible power. More?
harvesting 'kit' integrates into automation systems
EnOcean's new energy harvesting 'developer kit' offers OEMs
a cost-effective, customised platform for fast integration into
building and industrial automation. More?
developed for increased PV plant efficiency
Schaeffler has developed rolling and plain bearings, as well as
linear units, to improve the ability of solar PV collectors to
track the course of the sun. More?
FUNDING & FINANCE
announces funding for energy efficiency research
The Government has announced funding of £39m for a group
of research projects to support energy efficiency policy. More?
LEGISLATION, REGULATION & STANDARDS
over simplified CRC energy efficiency scheme
Government plans to simply the CRC energy efficiency scheme have
been announced by Chancellor George Osborne in his Autumn Statement. More?