The Department for Business, Energy and Industrial Strategy (BEIS) has appointed Triple Point Heat Networks Investment Management as delivery partner for the Green Heat Network Fund (GHNF).
After four years of delivering the Government’s Heat Networks Investment Project (HNIP), Triple Point Heat Networks Investment Management (TP Heat Networks) has been confirmed as preferred bidder for the role of delivery partner for the subsequent Green Heat Network Fund.
Led by Triple Point’s Ken Hunnisett, TP Heat Networks was first appointed in 2018 as BEIS’s Delivery Partner for HNIP and having already awarded over £250 million under that programme to projects across England and Wales, Ken and his team are ready to continue partnering with BEIS to bring about a just transition to net zero carbon emissions by 2050.
The Green Heat Network Fund will build on this existing progress, and will be open to public, private and third sector applicants in England from this month, running until at least 2025.
TP Heat Networks has worked closely with HNIP applicants over the last three years, building relationships with the project teams, supporting applicants and expanding the pipeline of opportunities that will prove valuable in the delivery of GHNF. Current estimates of the heat networks pipeline in England and Wales puts it at over £1.5 billion: more than double its value in 2018.
Triple Point Heat Network Investment Management is comprised of the following organisations: Triple Point Investment Management, AECOM, Amberside Advisors, Gemserv, Lux Nova Partners Ltd and Asteros Advisors.
Ken Hunnisett, Project Director at Triple Point Heat Networks Investment Management, said: “We are proud and excited that Triple Point Heat Networks Investment Management has once again been chosen to deliver this major Government contract focussed on the toughest of all challenges on the road to net zero: how to lower emissions from the ways in which we heat our homes and workplaces.
“More than that though, the award by BEIS is the strongest endorsement of the successes it has seen in our delivery of the GHNF’s predecessor, the £320m Heat Networks Investment Project. The team will be building on the learnings and successes made during HNIP and are eager to work alongside BEIS once more in the execution of a shared vision of truly sustainable, dynamic and efficient heat networks market. Heat networks are complex infrastructure projects but the team has demonstrated an ability to inject real immediacy into their development and will continue to do so.
“District heating, like other clean energy vectors, has a vital role to play in levelling-up communities and driving out place-based inequalities. Our role in delivering the GHNF is not just a fixed-term contract but the next big step in a multi-generational commitment Triple Point has made to a just transition to net zero.”
