1Energy, the UK’s leading low-carbon city heat network developer, has secured £75m of investment and three anchor customers for its heat pump-powered network in Bradford.
Alongside the University of Bradford and Bradford Courts, Bradford College will support the Bradford Energy Network, enabling the rapid decarbonisation of heating – the country’s biggest source of carbon emissions.
Chris Malish (Vice Principal Finance & Corporate Services) said: “Joining the Bradford Energy Network is another significant milestone in Bradford College’s sustainability strategy. After all the planned works are complete, a total annual direct carbon saving of over 285 tonnes per year is predicted, moving us a step closer to achieving Net Zero.
“Nearly 3,500 staff and students, based at our David Hockney Building and Advanced Technology Centre, will benefit from this transition to renewable energy. Given Bradford is one of the UK’s youngest cities, it’s vital that we future-proof our region for the next generation, and we are delighted to be at the forefront of this work.”
With 1Energy recently breaking ground on its energy centre, its novel approach combines £75m of private capital and public investment in Bradford, providing a blueprint to decarbonise cities and towns nationally. This total includes £20m of investment from the UK Government’s Green Heat Network Fund.
Using Bradford as a blueprint, 1Energy has ambitions to deploy £1bn within the next eight years into building new city-wide, low-carbon heat networks across the UK, with its innovative model providing the lowest cost, simplest and fastest route to decarbonising heat at scale and a long-term foundation for healthier, greener cities. This will be primarily funded by investment from UK and global institutional investors through Asper Investment Management’s dedicated fund, which supports the development, construction and operation of 1Energy’s heat networks.
These networks will play a key role in achieving Britain’s climate goals by providing a locally generated, sustainable alternative to heat produced by fossil-fuel gas boilers, which currently powers over 2million businesses and 24.5million homes, throughout the UK.
Andrew Wettern (CEO 1Energy) said: “We cannot reach net zero without decarbonising heat. We are proud to be delivering a city-wide solution to this challenge for Bradford alongside the University of Bradford, Bradford College, and Bradford Courts.
“The Bradford Energy Network is a flagship project in the UK’s transition to low carbon heating. Crucially, it also provides a blueprint for national rollout, successfully demonstrating how to: deploy institutional investment alongside Government funding, deliver savings for customers in the transition, and decarbonise existing and new buildings across a city through an exemplar low carbon heat network.
“The project is already delivering significant social value and wider benefits to the city – creating new jobs and skills, utilising the local supply-chain and creating a more favourable environment for inward investment into Bradford. Thanks to the support of our key partners, we are able to put Bradford right at the very forefront of decarbonised, healthier cities in the UK and to assist its regeneration and growth.”
Empowering Britain’s Youngest City
The Bradford Energy Network will play a key role in driving a just transition, addressing environmental, health, and economic challenges at the same time.
By replacing gas boilers with heat network connections, as well as reducing carbon emissions, the project will reduce other forms of air pollution from heating by 75 per cent during its first phase, aiming to further reduce this in future. Additionally, the project will save its three key partners 29,780 tonnes of carbon dioxide, equivalent to taking over 21,360 cars off the road.
Through combining long term or ‘patient’ private capital and public investment, the project will support a brighter future for both Bradford – the country’s youngest city and next UK City of Culture – and Yorkshire.
Combined with other regional developments, such as the West Yorkshire Mass Transit system, the Bradford Energy Network is laying the foundations for a net zero city. The network will make the area an even more attractive place to invest in and accelerate the growth of the local low carbon employment sector.
1Energy’s mission is to decarbonise heat in cities and towns across the UK, accelerating the transition to net zero. The Bradford Energy Network is projected to reduce the carbon emissions from heating connected buildings by 80 per cent during its first phase, supporting the council’s city-wide net zero targets. Through reducing the country’s reliance on gas for heating, the networks will also bolster energy security while protecting public and private sector organisations against sudden changes in prices.
Join the UK’s leading, innovative organisations and explore a connection to 1Energy’s heat networks.
As part of Graduation 2024, we awarded the title of Bradford College ‘Honorary Fellow’ to two outstanding, new individuals. Honorary Fellowship is a special title recognising a distinguished individual’s outstanding contributions to society or their specific field. The recipient receives their title due to outstanding achievement, as opposed to needing to meet a specific set […]
Today, Bradford College Higher Education students celebrated their hard work and academic achievement as they graduated at Bradford’s ‘LIFE Centre’. The day was split across two special ceremonies as our latest set of success stories donned their cap and gown in front of family, friends, and VIP guests. Speaking proudly to a full audience, Chris […]
