Heating of residential and commercial properties is one of the largest contributors to CO2 emissions in the United Kingdom, with over 90 percent of homes and commercial buildings using individual gas boilers for heating. Vattenfall therefore has established a new district heating business in the UK in order to provide decarbonised and integrated heating solutions.
Vattenfall celebrates 10 years of UK operations this year, initially entering the UK wind power market in 2008. Today the operations comprise almost all Business Areas including Sales B2B, B2C, E-mobility and Distribution.
“I am very proud of what our UK team has achieved so far. Vattenfall is now working hard to become fossil free in a generation. In the UK, that means helping our customers reduce their carbon footprint and powering and heating their homes and businesses in affordable and ever smarter ways,” says Magnus Hall, Vattenfall’s President and CEO.
Vattenfall is one of Europe's largest producers and suppliers of heat and by entering a currently small market with strong growth potential, Vattenfall can bring extensive knowledge, green credentials and a customer centric approach.
“We believe decentralised solutions and district heating and cooling networks will provide stability for integrated heating and power generation and are the door-opener for modern, decarbonised and integrated energy solutions of the future. We see attractive growth opportunities in the UK with large concession-like tenders from municipalities and significant commercial new build activities coming to market in the next 5 years”, says Tuomo Hatakka, Senior Vice President and Head of Business Area Heat, Vattenfall.
The UK Government today announced funding to kick start rapid growth in the emerging district heating sector in England and Wales. The funding is intended to bridge the commercial viability gap for new projects and to bring together public sectors organisations with experienced private sector operators.
“By replicating our partnership model implemented in cities across Europe, we believe we will make a significant contribution to the UK’s plans for low carbon district heating and climate change goals”, says Mike Reynolds, Managing Director of Vattenfall Heat UK.
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