Ahead of the Prime Minister’s announcement on climate policy yesterday, Dr Matthew Trewhella, CEO of ground source heat pump manufacturer, The Kensa Group, said: “This is extremely concerning news, at a time when we should be scaling up to reach our Net Zero commitments by injecting investment and stability into green businesses and proven sustainable solutions, our planet’s future is being cynically used as a political bargaining tool.
“British businesses have been innovating, investing, building supply chains and creating green jobs based on the UK’s net zero transition strategy. As recently as May 2023 the Kensa Group announced a £70 million investment into ground source heat pumps by Octopus Energy and Legal and General and we are already scaling up our business development, operations and R&D efforts to help drive the transition to low carbon heating and cooling. We are stimulating the economy and improving the UK’s energy sovereignty using the energy that is right under our feet.
“We are making excellent progress towards our vision of a subsidy-free, low carbon heating and cooling future that is greener, cheaper and safer than fossil fuel heating. Stalling this progress would be shortsighted, regressive and deprive the British economy of the billions of pounds of benefits that transitioning to net zero would bring. It will negatively affect consumers by keeping bills higher and homes less efficient. Delaying our transition to net zero in 2050 means future measures will need to be quicker and more drastic.”
