Green Investment Group offers pay-as-you-save distributed energy

A new service to help businesses and public sector organisations adopt distributed energy systems has been launched. Green Investment Group (GIG), formerly the Green Investment Bank, is offering Energy Solutions, […]

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By Priyanka Shrestha

A new service to help businesses and public sector organisations adopt distributed energy systems has been launched.

Green Investment Group (GIG), formerly the Green Investment Bank, is offering Energy Solutions, a “pay-as-you-save” model which allows medium and large energy users to upgrade energy systems with no upfront costs.

The bill will be covered under an Energy Services Agreement, allowing businesses to pay off the costs via the energy savings over time.

GIG will provide technical and funding support that will enable them to take distributed energy and energy efficiency projects from the earliest phase of development through construction and its operations and management.

Technologies range from onsite combined heat and power plants (CHP), solar panels, battery storage to LED lighting and electric vehicles.

Bill Rogers, Head of Distributed Energy and Onshore Renewables at GIG said: “Organisations are often faced with a choice between investing in new energy infrastructure or channelling available capital into core operations.

“Energy Solutions will design, fund and deliver an integrated programme of energy upgrades, assuming the key risks and expenditure involved. This will provide our clients with greater certainty and control over energy costs and help to increase business resilience and lower emissions without constraining their balance sheets.”