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AMPYR Distributed Energy (ADE), a leading player in sustainable energy solutions, has pledged to exceed the £180 million allocated by the UK Government and GB Energy for rooftop solar projects in schools and hospitals. ADE’s move comes as a response to the Government’s plan to invest £80 million to help 200 schools go net zero, and £100 million to install rooftop solar panels at 200 NHS sites. The initiative aims to harness the benefits of on-site renewable energy, reducing utility bills and enabling the sale of excess energy back to the grid.
ADE’s CEO, John Behan, emphasized the importance of a collaborative approach between the public and private sectors to accelerate renewable energy adoption in the healthcare and education sectors. Behan highlighted that funding models with no upfront costs offer significant long-term savings, allowing public funds to focus on essential services. ADE is prepared to match the £180 million commitment and work with GB Energy to enhance energy resilience and reduce costs.
ADE is supported by AGP Sustainable Real Assets, a global asset manager in renewable energy and real estate. Their funding model, powered by Power Purchase Agreements (PPAs), ensures zero upfront costs for renewable energy technologies, with savings generated through reduced energy costs over time. The funding also includes the provision of lifetime maintenance for installations, ensuring long-term efficiency.
Behan assured that the company will maintain the solar installations, optimizing performance throughout their lifespan. He emphasized the importance of collaborating with the Government and GB Energy to provide a risk-free option that benefits taxpayers and the economy. Behan highlighted how private sector investment can drive cost savings in public services, expanding renewable energy access for over 32,000 schools and 215 NHS Trusts. He called for urgent attention to the untapped potential of private sector involvement in accelerating the adoption of rooftop solar energy.