OakTree Power and the Financial Times have formed a new partnership to reduce energy usage and CO₂ emissions at their historic London Headquarters at Bracken House.
Using our bespoke approach, the site is also set to save over at least £30,000 a year in energy cost and earn nearly £50,000 a year for their participation in grid operator balancing programmes.
The Financial Times, has signed a five-year agreement that will see Bracken House modulate the consumption of non-essential electricity. Using this scheme, the Financial Times will contribute these unused kilowatts to help balance grid operators keep lights on during times of peak electricity demand.
The building will participate in a Distribution programme, providing much-needed constraint management in the centre of London where the Networks are struggling to cope with the increased electrical demands on ageing infrastructure that is too expensive to upgrade and replace.
The scheme is deployed by a smart IoT controller that has been integrated with the organisation’s own building control systems, which will enable OakTree Power to identify non-critical electricity consumption. Our solution – which is already being deployed by several FTSE 250 clients and can be adopted by commercial and industrial buildings – then intelligently modulates small amounts of energy usage. These reductions will be conducted in non-critical electrical plants and equipment such as pumps, fans and air conditioning chillers for short periods, without impacting performance.
Chantel Scheepers, CEO of OakTree Power, said: “Net Zero targets are a national objective that needs to be taken incredibly seriously by all UK organisations. We’re delighted to be working with such a London institute that has shown a great commitment to lead on this front, recognising the need to change and adapt to achieve the UK’s Net Zero goals.
We expect this project to become a turning point for OakTree Power and other businesses with real estate space to embrace the Net Zero commitment and adopt the scheme. If every 200,000 square feet building in London did so, it would be the equivalent of taking 45,000 petrol cars off the road in terms of CO₂ reductions, so we all should be helping the country move away from dirty carbon intensive generation and towards a renewable & sustainable future”.
