Veolia Launches Low-Carbon Heat Network “Ecothermal Grid” Offer in the UK with £1bn Project Pipeline
VEOLIA ENVIRONNEMENT ADR (VEOEY)
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Source: Business Wire
£1bn pipeline in potential UK district heating networks announced by Veolia in new Ecothermal Grid offering for UK market15M tons of potential carbon savings if the UK hits the Government's 2050 heat network target PARIS--(BUSINESS WIRE)--Regulatory News:Veolia (Paris:VIE) announces it has a £1bn pipeline of projects that are due to be awarded by 2030, as part of the UK deployment of a new “Ecothermal Grid” offering in the UK. It's in line with the company's ambitions to grow its district heating presence further in the UK, using a mix of different sources of energy to deliver carbon-neutral heating and cooling.Currently in the UK heat in buildings (heating up space, industrial heating and providing hot water) makes up over a third (37%) of the UK's CO2 emissions and with the government’s ambitious need to reduce carbon, innovative and green solutions to heat homes are critical.As of 2024, only around 3% of UK heat demand is met by district heating networks, however the Government
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