With the increasing pressures on our global climate, individuals and institutions need to reduce their carbon footprint through energy-efficient technologies. By taking a stance together and reducing our footprint, not only are you helping save the planet, but you can reduce the cost of your energy bills over time. While the initial costs of installation may seem high, these same costs and more can be saved by reducing your energy bills with energy-efficient technologies. There are multiple ways to help with your finance for energy efficiency.
One option for financing Higher Education Institutions (HEI’s) is through Salix. Salix Finance is a non-profit organisation that provides 100% interest-free loans to the public sector (including HEI’s) for energy-efficient projects in England, Scotland and Wales. With their goal to solve energy-efficient finance in the public sector, since 2006, over £142 million of interest-free funding has been provided and invested in over 4,000 energy efficiency projects at 100 HEI’s. There are over 100 energy-efficient technologies eligible for Salix funding including the following:-
And of course, one of the most critical technologies that we provide at AXON, the ability to monitor and control your smart technology systems across your university estste. For example AXON are working with Bournemouth University to provide precision benchmarking at a variety of levels of granularity – individual plant, occupied space, faculty or the entire estate – to ensure the estate is always operating effectively.
By measuring the gas, electricity and water at the individual building level, a wealth of new data became available to the energy management team at Bournemouth University via bespoke dashboards. Next Control Systems Limited, sister company to AXON, designed and installed an upgraded building control system for Bournemouth University. A biomass boiler was implemented together with some photovoltaics. The university are now saving over 40% of their energy bill.
Axon is keen to implement their systems in the education sector. AXON offers a single platform for building portfolios with different installed technologies. A technology independent platform it can be rolled out rapidly across whole estates into existing infrastructure. AXON can be utilised to help build engagement with the student population and university staff. To encourage and reinforce behavioural change to create a more carbon aware culture. Green credentials are now the second influencing factor in the choice of university (after course availability). As a result, universities are now highly focused on differentiating factors to attract students.
Measurement of all connected buildings can be used to promote good practice, store historical data for comparisons, highlight areas to focus and provide a positive competitive atmosphere for improvement. The output of this is that not only can you have visibility of energy usage you can also identify opportunities for achieving sustainability gains.
Salix is keen to build long term relationships with new and existing clients providing financing options for their initial energy-efficient installation costs. Which can be made back in an average of 1 to 5 years thanks to systems put into place by the likes of AXON. Salix is keen to contribute to the development and delivery of carbon management and estate masterplans.
In the Salix case study for the University of Nottingham, a total loan value of £2,997,958 was given to the university. From the energy-efficient installations put into place, the university not only saved £811,726 a year but reduced their annual carbon footprint by 3,780 tonnes and was able to pay back the project in 3.5 years.
Through AXON, you can seamlessly integrate data onto one platform, providing actionable insights so you can further optimise the management of your estate, making energy efficiency more efficient than ever. You can access these dashboards insights from any device as opposed to a single fixed location.
The EU provides another finance option for energy-efficient technologies with their 2018 Smart finance for smart buildings initiative. In a published article from the EU, it is said that “Buildings are responsible for approximately 40% of energy consumption and 36% of CO2 emissions in the EU, making them the single largest energy consumer in Europe. “In another article, the EU proposes “It is estimated that an additional €177 billion per year will be necessary over the period 2021-2030 to reach the EU’s energy and climate objectives for 2030.” Through the available finance options, you are not only investing in your business; you’re investing in a cleaner energy-efficient future.
Read more about how we can help your achieve a more sustianable builing estate on our education sector page.