New public sector energy company announced for Devon
14 December 2016
A pioneering new energy company, designed to deliver more efficient heat and power in Devon, has been announced.
The innovative company, called Dextco, will develop ground-breaking sustainable projects to provide environmentally-friendly energy to homes and businesses across the city and its surrounding area.
The company - whose founder members and shareholders comprise of The Royal Devon and Exeter NHS Foundation Trust (RD&E), the University of Exeter, Devon County Council, Exeter City Council and Teignbridge District Council – is the first specifically Exeter-based energy company in almost 70 years.
Building on recent success of Cranbrook and Skypark’s award winning district heating scheme, plans are already in place to undertake the first project associated with the new company in Exeter.
A revolutionary new network will be financed and built, designed to transport heat generated at the RD&E’s Wonford Hospital to consumers across the city.
Feasibility studies for the project, which would increase energy efficiency and reduce costs, have identified that the scheme is achievable.
Future projects already earmarked include a high-level involvement in distributing heat from the Marsh Barton Energy Recovery Facility, in the south-west of the city.
These schemes are now looking to attract further funding available from central government through national initiatives encouraging the roll out of heat networks in the UK.
Over the coming months Dextco will lead the procurement of a private sector partner. If this process is successful it is anticipated that building work at RD&E could start in 2018.
The Hospital and the University value both the cost savings and carbon dioxide emission savings which will be achieved by connecting to the heat network.