Renewable energy installation company, Novalux Energy, has installed a combined heat and power (CHP) plant on the Withey Duffryn Court Industrial Estate in Ystrad Mynach.
Thanks to Lombard funding of £1.75m, all electricity and heat for the industrial estate is now sourced through renewable energy and generated on site. This revolution has drastically improved energy efficiency, and has ensured that Withey Duffryn Court tenants’ electricity is now cheaper and cleaner than ever before.
Previously un-heated industrial units on the estate are now safer and more pleasant working environments for those employed on the site, with lower energy bills easing financial pressures on tenants.
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 Novalux Energy Solutions 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.”
Issued by Luther Pendragon on behalf of Lombard. For further information, please contact Aisling Jamieson-Ewers on 02076189136 / [email protected]