Stockport’s Trolex Ltd is benefiting from renewable energy thanks to Electron Green’s announcement of funding support for solar schemes.
Funding will allow the safety equipment manufacturing company to install solar panels cost-free on its headquarters, in a push to slash energy bills and move towards its net zero targets.
As a firm with global reach, Trolex has suffered from high energy bills over the last couple of years.
It decided to connect to solar for environmental reasons and to save money, opting for free solar installation and maintenance and paying a fixed rate of 20p/kWh for the electricity with no inflation, effectively getting the system for free after 25 years.
They were previously paying 33p/kWh for electricity, so the cost saving over that time will be almost £200,000.
Electron Green has launched this funding to support UK businesses at a time when energy bills are escalating – and UK electricity usage is projected to increase by 56% over 2020 to 2036 .
Mike Hall, facilities site manager at Trolex says: “We are a successful and established safety equipment manufacturing business with over 100 staff at our headquarters in Stockport.
“Our business is incredibly energy intensive and we have consequently seen a huge rise in our energy bills over the last three years. Electron Green’s free solar installation and management package provides us with certainty about long-term, future energy expenditure, so we can invest in strategic planning with greater confidence.
“We are delighted that we will be saving 298 tonnes of carbon over 25 years by switching on renewable energy. That is equivalent to planting 4,927 trees. The projected cost savings are also particularly attractive at a time when we – and indeed almost every British business – are facing such challenging conditions.”
Future energy needs
Daniel Green, CEO and founder of Electron Green (pictured), says: “We are delighted to be working with an established company like Trolex which has taken advantage of our funding programme of up to £1 bn to help with installation and management of their future energy needs.
“It is established businesses like Trolex who form the backbone of our manufacturing sector and who are so economically valuable to the UK economy.
“Our model gives UK businesses more control over how they manage and pay for power, and an easy way to have low-cost green solar electricity. Ultimately, net zero targets aren’t going away, and we will continue to see a fall in fossil fuels and increase in demand for cleaner electricity. Businesses need the confidence that there is capacity to match greater demand, and flexibility about how they can pay for it. We’re here, with our funding programme, to solve this problem.”