Energy Transition, PPP

Worthing Heat Network

June

2024

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Project Info
Client
Hemiko
Location
UK
Value
GBP 500M
Sub-Sectors
Sub-Services
EvoInfra provided financial modelling and model audit support to Hemiko on the Worthing Heat Network DBFO.

EvoInfra provided financial modelling and model audit support to Hemiko on the Worthing Heat Network DBFO.  

The Worthing Heat Network is an ambitious decarbonisation project, which will offer climate-friendly heating to every building in the town by 2050; the scheme will also see up to £500m of investment from partner Hemiko.

The first phase of the network will connect mostly large public sector buildings, and this phase alone is expected to save over 3,000 tonnes of CO2 emissions each year, the equivalent to taking 2,000 cars off the road. This phase has received over £7m of funding from the Department for Energy Security and Net Zero’s Heat Networks Investment Project, which in turn unlocked £40m of investment from Hemiko, and by 2050 plan to invest £500m in total in the region as the network expands.

Construction is scheduled to commence in July this year, with the first buildings expected to be connected by Summer 2025, including Worthing Town Hall, Worthing Hospital, the Assembly Hall, Portland House, Worthing Museum & Art Gallery, and the Connaught Theatre.

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