Aberdeen-based energy specialist Biosus Energy has enhanced its sustainable business offering following a £500k funding package from HSBC UK.
The business, which develops low carbon solutions that reduce the cost of companies’ utility bills, has used the six-figure equipment finance to purchase combined heat and energy power generators.
Biosus Energy install the power generators at clients’ sites, under bespoke Energy Supply Agreements (ESA), where they work in parallel with existing power supply contracts and create energy savings and efficiencies.
The new equipment has seen Biosus Energy take on further projects, which have grown the business and resulted in the creation of three new jobs.
In one such project, the team helped Associated Seafoods Ltd – a renowned seafood supplier, based in Buckie – to increase its fuel efficiency by up to 50 per cent after it implemented an innovative process using heat from the power generator plant to cool the factory.
Garth Way, director at Biosus Energy, said: “Helping businesses reduce their carbon footprint and utility bills is more important than ever before. HSBC UK’s Equipment Finance team have been fantastic and their support will enable us to implement further green solutions that are practical and effective for our clients. With their backing, we aim to acquire four to 10 new systems per year.”
Tim Laundon, relationship manager at HSBC UK, said: “HSBC UK has pledged to achieve net zero from our financed portfolio by 2050 and we’re committed to working with all our clients to help them on their journey to net zero. We’re thrilled to support Biosus Energy as it helps to improve Scottish businesses’ carbon footprints and we’re heartened to see the company grow, and go from strength to strength.”
The business, established in 2013, provides over 100 clients across Scotland with bespoke solutions including green strategies, energy supply agreements, carbon road maps, heat pumps, biomass CHP, hydrogen ready fuel cells and solar panels.