Cornwall-based technology company Kensa Group has secured its biggest-ever investment.
The ground source heat pumps company has received £70m of funding from Octopus Energy's generation arm and Legal & General Capital. Not only is it the biggest investment made in ground source technology in Britain but it will allow Kensa to expand and install 50,000 ground source heat pumps a year by 2030.
In a statement the group said "the move will drive down costs of heat pumps and reduce reliance on polluting gas boilers". The UK is targeting 600,000 heat pump installations a year by 2028 as part of wider efforts to decarbonise the heating industry and realise its net-zero ambitions.
