Posts tagged Government investment
The Government has announced a £20 million investment plan to build a renewable energy factory in Hull that will create 300 new trade jobs.
Energy Works, the technically advanced renewable energy power plant to be built in Hull, will use household waste, and will generate enough energy for more than 25,000 homes.
The funding has been given from the European Regional Development Fund (ERDF), which is managed by the Department for Communities and Local Government and is a key part of the financing for the £100 million-plus energy recovery plant that uses an innovative combination of green technologies and will be the first of its kind in the UK.
Communities Minister Baroness Hanham said: “This plant will reduce greenhouse gas emissions and contribute to the security and diversity of the energy supply.
“Supporting this Hull-based company with public funding to pioneer these cleaner, more efficient technologies and sharing the learning gained from operating the plant, will help to roll out similar facilities elsewhere in the UK and around the world.
“This investment will create highly skilled jobs and contribute to the Humber area’s growing reputation as one of the best places in the world to develop environmental energy businesses“.
The complete Energy Works development will be built to sort, pre- treat and process different types of waste with several advantages over more conventional technologies, including that it complemented recycling efforts and produced improved air quality.
Spencer Group’s Chief Executive Charlie Spencer said: “We are delighted that the Government and the European Commission have recognised that Energy Works is an innovative, green and clean development which can be replicated elsewhere.
“It has been a pleasure to brief the Minister on the many benefits it offers. This grant is a key element of the funding model and enables the project to move forward.
“As a Hull-based company, we are intensely proud that we will be pioneering a UK first in the city and that our investment will add to the Humber region’s credentials as the UK hub for renewable energy technologies.”