Welcome to a world of expertise Renewable Heating Solutions Darren Mawhinney Strategic Business Development Director Glen Dimplex Group Glen Dimplex - Investment in Low Carbon Technologies The Glen Dimplex Group • Founded in 1973 • The worlds largest electrical heating business • Holds significant market positions in the domestic appliance markets • Operates through 33 autonomous businesses throughout the world • Employs 8,500 people • Annual turnover Є2 billion • Privately owned Group Brands Dimplex Renewables • 30 years experience manufacturing 60,000 heat pumps per year from our German factory and UK factories. • Widest range of heat pumps in the UK – over 120 different units • Air, ground and water source from 4kw - 130kw • Domestic & Commercial Environments • Recent €10m investment in UK R&D and manufacturing • Domestic heat pumps and cylinders, Heat Emitters and Solar Thermal A Class Heatpump A Class of its own Outstanding performance and efficiency High output, high temperature Sophisticated heating, made simple Innovative technology Complete system packages My Green Heating What Is It? Renewable Heating Has Clear Benefits: • • • • Low heating bills Low maintenance Low carbon Secure energy supply So What’s Preventing Market Uptake? Barriers Solutions • High up front CAPEX Funded Solution supported by RHI • Concerns over technology Long term full service contract from reliable partners How does it work? OFGEM Up-front Payment Dimplex Renewables Purchases Product My Green Heating Monthly Service Fee RHI Payments Contracts for Survey, Installation and Maintenance Installer RHI Payments RSL EXAMPLE OF FUNDED MODEL 2 bedroom Semi Detached Property: Property size: 60m2 Construction: Cavity fill and loft insulation Occupants: 3 Heating and DHW demand: 8,500 kWh/yr RHI Income over 7 years £2,800 Option 1 mygreenheating Conventional Procurement Option 2 Option 2 My Green Heating My Green Heating £2000 DEPOSIT PAID UP FRONT Green Deal Assessment £100 EPC Certificate £50 £8000 £2000 £5250 MCS Registration Quarterly Payments to MGHF - £150 £0 Quarterly RHI Administration £25 7 year Parts & Labour Warranty £400 Annual Servicing & System optimisation Check £150 £150 £150 £10,300 £7,500 net of RHI £7,250 £6,300 Housing Stock Assessment Property consultation Report & Design Installation of New renewable energy Heating and Hot Water System 24 hour Heating Response service Total Cost For solution (net of RHI income) over 7 years (all figures shown net of VAT) Annual Heating Bill (£) 1200 1000 Tenant saves £3,000 + over 10 years 800 600 400 200 0 Yr 1 Yr 2 Yr 3 Yr 4 Yr 5 Oil Yr 6 MGHF Yr 7 Yr 8 Yr 9 Yr 10 What’s the Process? RSL Identifies Potential Homes MGH Carries Out Survey and Provides Green Deal Assessment and EPC for each property MGH prepares a scheme design for each property and makes a proposal to RSL based on the portfolio of properties RSL decides whether to proceed and which properties to include in the scheme MGH Installs and Commissions the Systems and Applies for RHI funding from OFGEM for each property 7 Year Maintenance and Support Programme Commences Partnering Opportunities Survey Installation Design Graphic / website design Service & Maintenance Misc IT skill TBD Project Management 13 Any Questions?