BUSINESSES racking up energy bills of over £150,000 a year are set to benefit from a new fund aimed at reducing consumption.
Vayu Energy, which supplies natural gas, electricity and renewables to the industrial and commercial market in Ireland and the UK, has set up the Vayu Energy Fund to help large energy users to achieve cost savings by investing in projects targeted at reducing usage
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Vayu’s business customers and prospective customers with annual bills in excess of £150,000 are eligible to apply for the fund and all energy management projects will be considered, including the upgrade of dated facilities, machinery or technology and the installation of new, efficient systems.
The fund has been set up in response to customer demand following a recent survey by the energy firm. Lack of investment and the misuse of energy were found to be the biggest hurdles for businesses on the island striving to reduce their energy bills.
Efficiency manager at Vayu Ciaran Gahan said the fund could bring significant benefits to business in the north.
"With no cap on the size or the type of project we will consider, we are making this investment as accessible as possible. We know that if businesses are more energy efficient that they can reduce their energy cost by up to 20 percent," he said.
"We are keen to hear from all large energy users in Northern Ireland and look forward to making our first investment in the region in the coming months."
For additional information go to www.vayu.ie or email info@vayu.ie
