Lendology to support Heat Pump Ready Programme

We are excited to report our latest new partnership project with City Science.  Emma Lower, CEO at Lendology, is working with City Science in a financial advisory capacity to support the feasibility study of regional heat pump ready programme. 

Wider uptake of heat pumps will be critical in meeting the UK’s legally binding commitment to achieve net zero by 2050 and support the decarbonising of homes.  The Heat Pump Ready Programme forms part of BEIS’ £1 billion Net Zero Innovation Portfolio (NZIP), which aims to accelerate the commercialisation of innovative clean energy technologies and processes through the 2020s and 2030s.

The final reports will detail methodologies for targeting high-density heat pump deployment in the project locations, and a mapping of expected customer journeys (complete with costs estimates) on the switch from their existing heating systems to heat pumps.

The aim of the project is to support the government to make the transition to net zero affordable and achievable for all, by reducing costs to consumers and minimising barriers to uptake.

City Science are driven to improve the world with data and work with a broad range of statisticians, consultants, and experts on an even broader range of projects to develop solutions and inform policy. 

Emma Lower said: “Supporting homeowners to embrace new technology is crucial to ensure we reach net zero by 2050.  However, currently there is lack of uptake due to lack of knowledge, lack of policy, lack of finance and lack of supply chain.  I am excited to be working with the team at City Science to support the development of data-driven research to change the heat pump landscape for the future”.