Welsh industrial estate goes green with help from Lombard and Novalux Energy

Welsh industrial estate goes green with help from Lombard and Novalux Energy

Thanks to Lombard funding, all electricity and heat for the industrial estate is now sourced through renewable energy and generated on site.

Lombard’s £1.75m funding has helped Novalux Energy install a combined heat and power plant (CHP) on an industrial estate in Ystrad Mynach, Wales.

All electricity and heat for Withey Duffryn Court Industrial Estate is now sourced through renewable energy and generated on site. This has significantly improved energy efficiency and means that electricity is cheaper and cleaner than ever before for Withey Duffryn Court’s tenants. Furthermore, previously un-heated industrial units on the estate are now safer and more pleasant working environments for those employed on the site.

Novalux Energy Managing Director, Joseph Allcott, said: “Lombard’s funding has meant we have been able to revolutionise the way power is delivered and used across the whole industrial estate. Any surplus energy generated is sold back to the grid, and all tenants have received a free heating system and now benefit from very cheap power costs.

“As a business we are now transitioning from an installation company to an owner operator model in which we use our accumulated expertise and knowledge gained over several years to deliver real value and positive change to the businesses we work with.”

Joseph Allcott and Jamie Vaughan set up the renewable energy installation company six years ago when they were both aged 23. Their focus was initially on the installation of LED lighting, but this has evolved to include various advanced renewable energy technologies including solar, biomass and CHP systems.

Lombard Relationship Director, Scott Ritchie, said: “Novalux Energy is an exceptional business that is ahead of its time. The innovative techniques employed by its talented and expert staff produce environmentally friendly solutions that are also financially advantageous.

“Allowing business sites to generate power entirely on-site creates efficiencies not possible in centralised systems, mitigating heat losses by up to 80%. This kind of innovation has proved highly successful on the Withey Duffryn Court estate, and further success is certain to follow for Novalux.”

Related articles

Award-winning brand to modernise its manufacturing with Lombard’s help

Bottled natural mineral water brand, Hildon, plans to refurbish and modernise its manufacturing line after securing a £550,000 funding package from Lombard.

Lombard - Understanding our brands

‘Understanding our brands’ is a series of articles providing an overview of each of our brands. In this piece we look at Lombard, the largest provider of asset finance in the UK.

Latest news

Royal Bank of Scotland hosts ‘Easy Wins Live’ event

The event explored today’s ‘always on’ world and the pressure Scots face as they struggle to balance life inside and outside of work.

To win the fight against fraud and scams, it is vital to educate young people.

Primary school children in Currie, Edinburgh put on their detective hats last week to learn more about fraud and scams thanks to the Royal Bank of Scotland MoneySense programme. Les Matheson, CEO of Personal Banking, tells us why it’s so important to financially educate young people.

New NatWest debit cards now accessible for all customers

New card features are being rolled out from today with all cards having a notch and raised dots.

Set Tab for lightbox