With the recent Carbon Trust Annual Survey showing energy costs as a key issue for most SMEs and corporate organisations, Monodraught has joined with Salix Finance Ltd to help empower public sector organisations to take a lead in tackling climate change by helping to drastically increase their energy efficiency with the installation of Monodraught’s Cool-phase system.
Salix Finance’s 100% interest-free capital for the public sector can help reduce public sector energy costs by enabling the installation of modern, highly energy efficient technologies such as Cool-phase. Cool-phase features an innovative Phase Change Material thermal energy store combined with intelligently controlled ventilation to actively ventilate and maintain building temperatures within the comfort zone. Utilising this technology can reduce energy consumption by up to 90% compared to conventional cooling systems.
Commenting for Monodraught, Managing Director Andrew McCubbin explains: “Uniquely, this combination of energy savings, cost savings and environmental benefits, enables Monodraught’s Cool-phase to meet the requirements of building regulations for thermal comfort, ventilation and energy efficiency in a single easy to retrofit system. And since no compressors or global warming refrigerants are used, the system does not require the expensive servicing and statutory checks required of air conditioning systems which further reduces running costs.
As upfront capital is a common barrier for public sector organisations seeking solutions to cut their energy consumption, Salix Finance and Monodraught can remove this barrier by making funding and technology accessible to the public sector.
By supporting innovative technologies such as Cool-phase, which have the potential to make significant contributions to energy efficiency, the Salix Finance funding mechanism can accelerate the move to a low carbon economy.
How to apply for Salix funding
The funding approach is a client-led process operated directly through Salix Finance. In order to complete the necessary application form, a Persistence Factor (PF) is used to equate the potential savings from using Cool-phase. A higher PF means long-term savings are improved. Cool-phase has been given an initial PF of 23.75, which aligns the use of the Monodraught system to similar efficiency savings achieved using LED lighting.
Salix Finance Ltd is a not-for-profit organisation funded by the Department for Energy and Climate Change, the Department for Education, the Welsh Government, the Scottish Government and Higher Education Funding Council for England.
There are two types of Salix Finance funding programmes available. The first is the Salix Energy Efficient Loans Scheme – as an example: a school borrows £10,000 to put in new lighting and a new boiler which will save the school £2,000 per annum from reduced gas and electricity usage. For the first five years these savings are used to pay back the interest-free loan. Once the loan is repaid, the continued savings enable the school to use the capital for other budgets, such as the purchase of equipment. The second programme available is the Recycling Fund, which is a ring-fenced fund managed by the public sector organisation, with money provided by the organisation and match funded by Salix. The project loan is repaid into the fund from the financial savings delivered by the projects – this allows the fund to be continually used for energy efficiency projects, hence the term ‘Recycling Fund’. At the same time the organisation continues to benefit from the savings that accumulate once the project has been fully repaid. Salix funding is available to all public sector organisations, including schools, higher and further educational institutions, emergency services, hospitals, leisure centres, local authorities and the NHS.
The funding mechanism aims to accelerate the move to a low carbon economy supporting innovative technologies such as Cool-phase, that have the potential to make significant contributions to energy efficiency. Organisations that invest in clean technologies will outperform the market over the next five years. Source: Carbon Trust Annual Survey 2011/2012.
COOL-PHASE® is a registered trademark owned by Monodraught Limited.
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