Barking Riverside (BRL) is an SPV company set up by the GLA and L&Q Homes to deliver a new mixed-use development of over 10,000 new homes as well as 60,000m2 of commercial, retail, hotel and education facilities in a brand-new neighbourhood being created alongside 2 km of Thames river frontage at Barking Riverside London and is one of the most ambitious and important new developments in the UK.
The development plays a key role in the regeneration of this key area of London. The properties to be built will form the base heat and potentially cooling energy demand of a new bespoke Energy Services Company (ESCo).
Ener-Vate was initially engaged to assess the potential opportunity for Barking Riverside as an entity. Developments as large as this have an inherent value to the main developer, Ener-Vate worked closely with the client to evaluate the best method of delivery to suit the developer and most importantly the customers of the scheme.
Once a strategy was agreed and value assessed, Ener-Vate engaged with the market for the provision of ESCo services to BRL. Using our deep knowledge and understanding of the ESCo market we worked closely with BRL to;
- compile the tender document
- act as main contact for the duration of the return period
- evaluate and interview the applicants
- appoint a preferred ESCo partner
Since appointment, the scheme continues to develop. Masterplans for larger schemes need to react to market conditions and therefore the ESCo needs to adapt to meet the updated position.
Ener-Vate remains as client advisor in the development of the ESCo. We also continue to develop the financial modelling with the client and the ESCo to mitigate risks for both and ensure good service and competitive cost to customers.
“Armed with the very thorough, informed report carried out by Ener-Vate, Springfield were able to base their decisions on accurate and knowledgeable information.”
“The Ener-Vate team provided a valuable resource alongside their commercial model which has proved to be an invaluable tool during our ESCo Development providing a clear insight into the long-term heat agreement that informed and influenced decision making.”
“Ener-Vate were excellent in responding to the terms of the brief and working with Springfield to produce a concise and well-reasoned assessment of the viability of providing a District Heating System within a mixed-use Masterplan for around 2,500 new homes and associated uses on the south side of Elgin. ”
“It has been good to have Ener-Vate on board to support us through this project. Their in depth industry knowledge and hands on approach to problem solving has been just what we needed. ”
“We have been working with Ener-Vate for many years now and keep coming back for the high quality client focus they provide in sectors which are important to us. Ener-Vate fill the gap between technical options and commercial reality and the knowledge and experience that the founders of company, have flows through their dynamic and growing team. ”
“Ener-Vate were able to bring their deep knowledge and understanding of the energy market to give Midlothian Council the confidence to procure and deliver an innovative public/private joint venture energy company. Of particular value to the Council was Ener-Vate’s flexible commercial model and their assistance with extensive market sounding and understanding of risk. ”
“Safe Community Homes used Ener-Vate as their Low Carbon energy consult as part of their £40m housing scheme. As part the development Ener-Vate provided a feasibility on how to maximize natural resources to create a local decentralized energy solution encompassing the use of Ground Source Heat Pumps and Solar PV, aligned with the creation of a locally owned ESCo to manage the energy system. The work undertaken by Ener-Vate was of the highest quality, innovative and easy to understand. We want to continue to work with enervate on other project and we would be prepared to provide a capability reference if asked. ”
“I’ve worked with Ener-Vate on several renewable projects throughout the UK and found their inputs invaluable. They have contributed various services on our Deep Geothermal DHN projects providing excellent financial modelling and expert analysis on Developer/Client documentation. We have also utilised their services on detailed feasibility for all of our Mixed-Use Developments both on DHN and Private Wire arrangements. I wouldn’t hesitate in recommending their services on Renewables Projects and will continue to utilise their expertise in concept and delivery for our various green energy schemes. ”
“Leeds PIPES have worked with Ener-Vate for several years and their expertise and tenacity has been instrumental in engaging customers and helping them to understand the business benefit of connecting to our network. This supports the partnership between Leeds City Council and Vital and has helped to grow our network significantly, with further major connections anticipated in the near future. ”
“Having worked with Ener-Vate for over 12 months, I found them not only professional and reliable, but passionate about driving the successful delivery of heat networks across England. Expertise that many organisations require as they move towards achieving Net Zero. ”
“Ener-Vate provided the kind of industry experience knowledge which helped us to verify all costs and that the roles and responsibilities of each party were assigned correctly and balanced. ”
Energy/Asset Management Services (EAMS)
Following installation of energy assets, it is vitally important for them to be managed. Ener-Vate provides industry commercial and contract expertise to ensure assets are managed to perform as designed.
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