18-05-2023 16:12 via electricalcontractingnews.com

Octopus Energy and Legal & General invest in ground source heat pumps

Octopus Energy’s generation arm and Legal & General Capital are turbocharging Britain’s heat pump rollout by investing £70 million in the Kensa Group.
This marks the biggest investment ever made in ground source tech in Britain. It will allow Kensa to rapidly expand and install 50,000 ground source heat pumps a year by 2030. The move will drive down costs of heat pumps and reduce reliance on polluting gas boilers.
The UK is targeting 600,000 heat pump installations a year b
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