Did you know that your company can receive up to 50% government funding when installing an industrial heat recovery system?
The program is called IHRS – or Industrial Heat Recovery Scheme – and within the program, a total of £18 million are available for funding. Of the £18 million, £6 million are earmarked for concept and design and £12 million are earmarked for installation, commissioning and monitoring.
A heat recovery project can receive funding at any stage – even at the consultant and analysis stage – all the way through to the final turn-key delivery. Funding applications are graded on a 0-to-10 scale.
The higher the score, the greater the funding potential. In order to be eligible for funding, the heat recovery system must be installed on an existing installation.
The project as a whole is graded based on energy benefit, kilowatt savings as well as environmental, economic and social impact and must achieve a minimum score of 5. It is a requirement that the recovered energy is used within the confines of the business.
At exodraft, we are ready to support you at any stage of the process:
• Funding application
• Heat recovery potential analysis
• Energy calculation
• Concept planning
• Complete system delivery
• Turn-key installation
• Order processing and project management
• Commissioning and ongoing energy optimisation
Contact us today – we are happy to advise you and help ensure the success of your heat recovery project.