Combined authorities across Great Britain could get up to £95 billion-worth of investment by decarbonising the heating of homes and buildings through heat networks.
The sum comes from the Association for Decentralised Energy’s (ADE) latest research which explores the potential of heat networks and the value they could provide across nine combined authorities in Great Britain.
Heat networks are a system of underground pipes that distribute heat from a central source to multiple buildings, supplying heat in a less emission intensive and more efficient fashion.
The ADE report also stated that combined authorities with heavy industry could benefit the most from this scale of roll out, particularly if they have ambitious net zero targets. One study revealed that Tees Valley could see up to £1.52 billion investment to deliver 1.46TWh of heat to private non-domestic buildings. The report also claimed that such delivery could be essential in the region’s ambitions to establish a net zero industrial cluster by 2040.
The ADE said that if the ambitious scale tested in these reports are met, heat networks could be a major catalyst in delivering the Government’s 2035 Industrial Strategy. It also emphasised that this extends beyond net zero targets, and unless combined authorities move at pace to decarbonise the heat in their buildings, jobs could be at risk and billions of pounds worth of investment could be delayed.
Freddie Wilkinson, Senior Policy and Data Analyst at the ADE, who conducted the research, said:
“The ambitious deployment of heat networks to meet our net zero targets would turbocharge investment across all regions of the UK. For every GWh of heat decarbonised by a network, £1m of investment can be brought in.
“Heat networks are a brilliant vehicle for deploying the low-carbon, strategic technologies the government wants to champion through its industrial strategy. There is amazing potential not just to meet our climate goals, but to significantly boost local growth and investment across the country.”
Image of report courtesy of the ADE
