October 2012: The Mayor has approved funding for the analysis of the “economic, energy system resilience and environmental potential of waste heat sources in London to identify local energy supply investment opportunities, inform Mayoral and national policy and support funding applications to the EU FP7 programme (£2 million) and the Technology Strategy Board (£25 million).”
The project – Analysis of the capacity and investment potential of waste heat sources in London to provide affordable energy to homes and businesses – will be undertaken from September 2012 to March 2013 and is expected to cost up to £110,000. The approval form sets out that the “potential solutions to be analysed here – the quantum, location, ownership, engineering requirements, economic potential – are expected to identify specific project opportunities to demonstrate the practical potential to utilise this rejected heat and low carbon heat from grid electricity and will form the basis of funding applications for demonstration projects…Approval is sought to commission work to understand the energy saving and economic potential associated with these heat sources across London, to identify projects and to quantify economic,system resilience and environmental benefits.”
It’s also stated that the analysis will inform Government’s forthcoming Heat Strategy scheduled for release in March 2013.