Manchester Science Partnerships invest £400,000 in energy storage solution

Funding | North West | Technology

Manchester Science Partnerships

The most advanced commercial energy storage solution currently available has been unveiled by Manchester Science Partnerships (MSP).

MSP, a science and technology park operator has invested more than £400,000 in its advanced energy strategy.

This investment includes the installation of a Tesla Powerpack system outside its flagship HQ, the Bright Building, at Manchester Science Park, along with two new charging points for electric vehicles.

Tom Renn, MSP managing director, said: “As the only UK science and technology park operator to be offering this kind of advanced energy innovation, it’s something we’re understandably very excited about.

“MSP and Bruntwood are committed to investing in our buildings, utilising cutting-edge technology to both improve the experience of our customers and reduce our carbon footprint.

“This pilot installation marks a key milestone in our advanced energy strategy. It also makes good on a commitment to invest in sustainable improvements to our campuses, signed up to as part of our green funding package with Lloyds Bank.

“We have bold plans to harness the opportunities provided by advanced energy. We envisage that within 12 months, the Bright Building will be an energy island – self-sufficient and operating without reliance on the National Grid.”

The move will help insulate MSP from shifting commercial tariffs and escalating non-commodity prices, while also allowing it to substantially reduce its carbon footprint through wider use of renewable energy.

With buildings accounting for more than a third of total UK greenhouse gas emissions, this latest investment is further evidence of both MSP’s, and majority shareholder Bruntwood’s, commitment to operating sustainably and addressing the world’s environmental challenges head-on.

Bev Taylor, Bruntwood’s Head of Energy, added: “The cost and feasibility of implementing lithium-ion batteries has changed markedly in recent years, making commercial energy storage viable.

“We’ll be monitoring the cost savings and CO2 reduction in the coming months, with a view to installing further units at other Bruntwood buildings and developments, such as Circle Square, Alderley Park and Innovation Birmingham.”

Earlier this year MSP agreed a three-year finance package with Lloyds Bank in line with the lender’s commercial real estate’s green lending initiative.

Did you enjoy reading this content?  To get more great content like this subscribe to our magazine

Reader's Comments

Comments related to the current article

Leave a comment

Your email address will not be published. Required fields are marked *