Waste management, recycling and energy recovery firm Cory has been awarded £12.1 million through the government’s Heat Networks Investment Project (HNIP) for a major district heating project.
Bioenergy News reports that the finding, made up of a £1.6 million commercialisation grant and a £10.5 million construction loan, will help support the development of one of the UK’s largest heat networks, to be delivered by Vattenfall, to supply low-carbon heat to 21,000 homes.
Heat for 10,500 homes in Bexley will be provided from Cory’s Riverside Energy Park energy from waste (EfW) facility during the first phase of the project, and a second EfW facility close to the current one will supply an additional 10,500 homes.
Cory will partner with Vattenfall to deliver the project, which will also support Vattenfall’s vision to deliver low-carbon heating to 75,000 homes across the Thames Estuary in the next decade.
The wider heat network will draw on secondary heat sources, such as heat as a by-product of commercial or industrial activities, or heat from the environment.
Mike Reynolds, managing director at Vattenfall Heat UK, said: “The funding and support from the HNIP team, the energy team at the Department for Business, Energy and Industrial Strategy (BEIS), and within Triple Point has been outstanding.
“Through our exciting collaboration with Cory, the HNIP funding will be a key enabler in unlocking low-carbon, low-cost heat for 75,000 London homes over the next 10 years.”
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