Thames Water Goes 100% Renewable
Published on by Water Network Research, Official research team of The Water Network in Business
Thames Water will soon be 100% powered by renewable energy, after inking a five-year, £520m supply deal with Drax-subsidiary Haven Power
The deal has an option for two further five-year renewals which could increase the overall value of the contract to more than £1.5bn over 15 years.
Thames Water - the UK's largest water and sewerage company - currently sources about 20% of its electricity through self-generated renewables.
The company's energy manager Angus Berry said: "Our energy and carbon strategy centres around reducing costs for customers and minimising our impact on the environment.
"This deal with Haven puts downward pressure on bills and means we will now be using 100% renewable electricity.
"We look forward to growing our relationship with Haven to exploit further opportunities to minimise energy costs and emissions, as well as continuing to work towards our ambitious target of self-generating 30% of our own electricity by 2020."
Source: Edie
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