Energy saving expert EMSc (UK) has been chosen to oversee a £50 million European programme to help business and public sector organisations to invest in energy saving technologies.
The cash is being offered interest free for up to five years to organisations that want to invest in three technologies identified by the NHS Sustainable Development Unit and St George’s, University of London, as offering the highest savings and payback.
Ecclesfield-based EMSc specialises in one of the technologies – voltage optimisation – but will also be overseeing funding for the other technologies – installing LED lighting and Variable Speed Drives.
EMSc’s managing director, Dr. Alex Mardapittas, said: “The funding will allow public and private sector companies across the UK to become more energy efficient and save money at the same time.
“The £50 million available will ensure that projects with a payback period of less than five years become cash positive from day one. We are looking forward to working with them to help them maximise their energy savings.”
EMSc’s Powerstar voltage optimisation technology works by reducing the voltage supplied to equipment from an average of 242 Volts to 230 Volts, the level at which motors and other rotating equipment are designed to work.
Powerstar cuts power consumption, ensures equipment works more efficiently and lasts longer.
Applications for funding can be made through EMSc until the end of the year.