The two organisations have formed a joint venture (JV) to expand and accelerate the installation and maintenance of key green energy projects which are in the advanced stage of their planning process.
With commercial funding supplied by Scottish Water Horizons, and SHARC Energy providing the design, build and operational expertise, the initiative will support the Scottish Government's renewable heat and carbon reduction targets for 2020.
Overall, the alliance is the result of three years of informal collaboration between SHARC and Scottish Water Horizons, creating a £20m pipeline of potential installations that, when deployed, would generate 170 GWHs per year of heating and cooling energy. In addition, the Scottish Government is providing 50% of grant capital support to the schemes through its Low Carbon Infrastructure Transition Programme (LCITP).
-- Advertisement --
Russ Burton, SHARC's Chief Operating Officer said: "This announcement is a very exciting step for SHARC and represents the culmination of three years of very productive working with Scottish Water Horizons to identify opportunities for the SHARC technology.
"Having the support from Scottish Water Horizons will give customers confidence in the SHARC technology, positioning it as a sustainable and viable wastewater heat recovery solution.
"With gas prices constantly fluctuating, our heat supply agreement gives cost certainty by guaranteeing the price for the length of the agreement."
Paul Kerr, Managing Director, Scottish Water Horizons, said: "Heat accounts for over 50 per cent of Scotland's total energy use, so by forming this alliance to deploy further heat from waste water schemes, we can help further develop Scotland's low carbon economy.
"Our alliance with SHARC provides us with a unique and exciting opportunity to maximise the residual heat that runs through some of Scottish Water's 32,000 miles of sewer pipes. Using this innovative technology we are able to roll out a sustainable, low-carbon heating solution to our customers, whilst enhancing and protecting the environment."
(LM/CD)
