LGIM invests in heat pumps

HeatRHIght, a renewables funding scheme that supports the delivery of air source heat pump technology to the social housing sector, has received long-term financing from LGIM Real Assets.

As the housing sector is a major contributor to carbon emissions, with heating and hot water for UK homes accounting for 25 per cent of total energy use and 15 per cent of the UK’s greenhouse gas emissions, the move by LGIM, alongside Legal & General Capital’s corporate investment in ground source heat pump firm Kensa, help[s create a significant opportunity for carbon reduction.

“As one of the largest managers of real assets in the UK, we have a duty to invest in a more resilient and responsible future. With heating representing such a significant proportion of the UK’s total energy use, investment in the delivery of low carbon heating solutions will play a vital role in how we future proof our society and progress to a net-zero carbon future,” commented Bill Hughes, head of real assets, LGIM.

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