Energy-guzzling chillers replaced
Published: 10 March, 2010
Energy-guzzling chillers replaced
ICS Industrial Cooling has replaced old chillers at Leeds Vacuum Formers (LVF), using an interest-free loan of £40,000 LVF received from the Carbon Trust's Big Business Refit.
Steve Richmond, works manager at LVF said: "The new air-cooled water chiller provided by ICS Industrial Cooling will provide the company with energy savings of over 14% per kilowatt hour, which will pay off the Carbon Trust loan within a few years, after that the savings will go straight onto our bottom line. In the economic downturn, it"s a real boost to cut energy costs by replacing old equipment, especially as we can channel the significant cash savings elsewhere in the business.”
The Big Business Refit, an equipment scrappage scheme run by the Carbon Trust, is offering UK small and medium businesses up to £500,000 in interest-free funding, to help them scrap their old power-guzzling equipment and replace it with energy saving models that are more efficient and cheaper to run. The loans are designed to pay for themselves through direct energy savings, so once the loans are repaid; savings go straight onto the bottom line.
Hugh Jones, director, solutions at the Carbon Trust, said: “LVF’s use of a Carbon Trust loan to pay for the installation of ICS Industrial Cooling’s energy saving Air-Cooled Water Chiller has created a win, win, win situation. LVF has slashed its energy spend without having to spend company cash upfront on the installation. ICS Industrial Cooling has increased its revenues through the sale. Finally, we at the Carbon Trust are achieving our aim of reducing carbon emissions. We’d urge all other businesses to check their eligibility for the £100m fund available, and to start saving money now.”
Richard Metcalfe, ICS Industrial Cooling, regional sales director, said: “The Big Business Refit has made more businesses aware of the unnecessary burden that old chillers put on their bottom lines. With unsecured, interest-free funding available to help businesses replace it, there’s a growing desire amongst our customers to resist the urge to 'make do and mend’ with old, energy guzzling equipment.”
The Big Business Refit was launched by Dragon’s Den star, Theo Paphitis, to promote the £100m scrappage scheme after Carbon Trust research revealed that:
· 52% of British businesses don’t have the cash to upgrade old, inefficient kit.
· 46% are unaware that they can cut energy costs by replacing old equipment.
· 60% of British firms wait until their kit breaks down completely befor replacing it.
Theo Paphitis said: “The Big Business Refit calls on all UK businesses to scour their premises for old equipment, from air conditioning, to fridges, compressors to factory machinery. With interest-free funding available to replace equipment, leading to average energy savings of 15%, and no security required, it’s an unbelievable deal.”
For more information please visit: www.bigbusinessrefit.co.uk
