Businesses could see hundreds of thousands of pounds wiped off the cost of their annual energy bills through a new scheme for commercial premises.
The 2010/2011 energy efficiency scheme, approved by the energy regulator and assisted by the Energy Savings Trust, is being launched today by Northern Ireland energy company Energia.
And according to Tom Gillen, Energia’s chief operating officer, the scheme could achieve cuts in some businesses’ energy bills of over £200,000.
He also claimed that Energia’s energy efficiency scheme has saved Northern Ireland businesses £34m.
“We introduced schemes based around energy-efficiency lighting in 2005 and then developed with technologies beyond lighting to include variable speed drives (VSDs), heat recovery devices, sonic leak detection and refrigeration,” said Mr Gillen.
“There is now a great opportunity for businesses to cut their overheads significantly through the use of grants which will cover at least 20% of the investment,” he added.
Local companies which have already benefited from VSDs include Belfast International Airport, Camden Frames, Montupet and Curley’s.
“Most recently Coca Cola installed an extensive lighting scheme with energy savings touching 75%,” said Mr Gillen.
Energia’s new energy efficiency programme will support a range of schemes that will deliver projects with a total capital expenditure of up to £1m.
Mr Gillen claimed that savings made through these projects mean the equipment will have paid for itself within two years of installation in most of the businesses.
The original scheme reduced CO2 emissions by 80,000 tonnes.