Search launched for Bristol City Leap investment
Mon 27th January 2020, 12:19 pm
The search has begun for organisations who can help deliver Bristol's ambitious target to become carbon neutral by 2030.
Bristol City Leap has been set up by Bristol City Council and Bristol Energy, the city’s energy company, to push forward the carbon neutral project with the aim to get an anticipated £1bn of investment.
Marvin Rees, mayor of Bristol, described City Leap as a “world first”, and added: “We are creating a decarbonised local energy system that Bristol can be proud of. City Leap is leading the way on carbon reduction, while at the same time addressing important social and economic challenges.
“The inclusion of Bristol Energy is integral to delivering smart energy propositions utilising City Leap’s projects by weaving a number of technologies together, helping to ensure that the company continues to deliver clean energy and social value for local people.”
After the launch last year, City Leap attracted interest from more than 180 local, national and international organisations including technology firms, investors, community organisations as well as innovative energy and infrastructure developers, and procurement is now underway.
Bristol Energy’s role in the project will see it deliver smart energy propositions, such as local tariffs and innovative services, to cut carbon and reduce peak energy demand. This is expected to lead to the utility company receiving external investment and reducing its reliance on council funding.
Marek Majewicz, managing director of Bristol Energy, said: “City Leap will help us deliver a sustainable energy company with social value at its heart. From community heat networks, to energy innovation in social housing, the substantial investment from the partnership will enable everyone in Bristol to benefit from low carbon, renewable energy projects.
“Bristol Energy is already working on a wide range of innovative projects and we’re looking forward to harnessing low-carbon technologies for the good of our city and our customers.”
Organisations interested in bidding can find more information on the council’s Energy Service website: www.energyservicebristol.co.uk