Shropshire renewable energy company welcomes £3billion ‘green investment’ funding programme

The managing director of a pioneering renewable energy company today welcomed the Chancellor’s £3billion ‘green investment’ funding programme to help the economy recover from the impact of lockdown.

Richard Partington, managing director of Telford-based AceOn Energy
Richard Partington, managing director of Telford-based AceOn Energy

Rishi Sunak MP today announced a plan to create tens of thousands of jobs through bringing forward work on £8.8 billion of new infrastructure, decarbonisation and maintenance projects.

This includes the £3 billion green investment package that could help support around 140,000 green jobs and upgrade buildings and reduce emissions.

Richard Partington, managing director of Telford-based AceOn Energy, said efforts to drive job creation in the green economy and improve energy efficiency across the country would play an important part in the recovery from Covid-19.

But he added that it was vital the measures formed part of a longer-term strategic plan to tackle climate change and energy use.

AceOn – based on Stafford Park in Telford – is pioneering an innovative Virtual Power Plant which can be installed in individual homes and uses state-of-the-art battery technology to store renewable energy from solar panels for use when needed.

Mr Partington said: “There is much in what the Chancellor has said that will be good for homeowners and the economy – such as the news about home insulation and double glazing.

“We will want to study the detail of the announcement but would hope that there is a strategic plan behind it to tackle climate change and help the country reach its target of net zero carbon emissions by 2050.

“To do that it is fundamental that the Government invests in new forms of energy storage, renewable technologies and infrastructure and planning changes to accommodate it.

“Technologies such as the Virtual Power Plant we have developed will play a major part in helping the country capture, store and efficiently use renewable energy for years to come, reducing capacity on the National Grid and helping drive down emissions.

“By working with local authorities, housing associations, private developers and others we can make a truly significant contribution to ensuring we meet our responsibilities to the environment and the generations to come.”

As part of the Government package homeowners and landlords in England will be able to apply for vouchers from a £2 billion Green Homes Grant scheme this year to pay for green improvements such as loft, wall and floor insulation that could save some households hundreds of pounds a year on their energy bills while creating thousands of jobs for tradespeople.

And a £1 billion programme will make public buildings, including schools and hospitals, greener, helping the country meet its ambitions of achieving Net Zero by 2050.

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