Residential property developers, private landlords, housebuilders and social housing providers could benefit from a new smart local energy system solution that would pay them for the installation of green technologies in their homes.
Emergent Energy, a new electricity company, are behind the microgrid solution that aims to make it cheaper for developers to install solar PV, heat pumps and chargers for electric vehicles. They will allow companies a lease to use the green technologies in return for long-term payments.
The company integrates the equipment with communal battery storage, along with large data analytics and algorithms and offers regular payments to housing companies from the profit they generate from efficiently managing the grid.
This model could lead to a 25% reduction in the cost of installing heat pumps and solar PV for developers.
Founder and Chief Executive Officer of Emergent, Reg Platt, said: "The ban on gas boilers for all new homes from 2025 and the requirement for all social housing and rented accommodation to EPC C rated by 2030 will require the housing industry to spend hundreds of billions to drastically cut emissions from their housing developments. To stand a chance of delivering net zero housing, developers need to generate investible returns on infrastructure spending and the benefits from installing the technology cannot be limited to households in particular tenures or locations."
