Pioneering energy technology revealed at One New Change
Published: 20 January, 2011
Climate change minister Greg Barker visited Land Securities’ One New Change, the city’s new shopping destination, today as the centre revealed its state-of-the-art renewable energy technology.
Underneath the centre, 60km of pipework – enough to wrap around the London Eye 140 times – will both warm and cool the building in the most environmentally friendly way by transferring heat efficiently to and from the ground and two water wells 150m below the surface.
The sustainable energy system – developed by Geothermal International as part of a 3-year project - is estimated to reduce carbon emissions by at least 10 per cent and could save £300,000 on energy bills per year.
The technology will help Land Securities’ achieve its target to reduce its carbon emissions by 30 per cent by 2020 and deliver on the Government’s objective to create a low carbon economy.
Climate change minister Greg Barker said: “One New Change has set its sights on being the most innovative shopping destination in the City, so it’s no surprise it has installed the latest state-of-the-art energy efficient heating system. This is British innovation at its best, using the earth’s natural resources to solve our energy needs. Extracting warmth from the ground underneath London will help save on the building’s heating bills and will cut carbon.”
Land Securities’ chief executive Francis Salway said: “We are proud to be pioneering this highly advanced renewable energy system at One New Change. The shopping and leisure destination is transforming the City of London and now with this technology we hope to transform the way the industry designs and builds properties.
“The renewable energy system will deliver carbon reductions, cost savings and a comfortable work environment, making it a truly sustainable building of the future.”
