Partner Article

Energy saver creates new jobs

A North East company is launching a project that could save homeowners and businesses millions of pounds by driving down fuel bills and optimising energy usage, creating up to 20 new jobs in the region.

One North East has awarded Tyneside alternative energy company Senergy Econnect Ltd a Large Company Grant for Research and Development (R&D) of almost £172,000 for a project to create a state-of-the-art energy demand management system.

It is anticipated that the innovative system will reduce energy costs, increase the management efficiency of energy networks, and considerably decrease the reliance on back-up power plants.

Senergy Econnect’s £400,000 two-year project, Powasys, also aims to cut energy bills and reduce carbon footprints by enabling homeowners and businesses to take advantage of the most cost-effective and cheapest tariffs available.

In addition, Powasys will create two new jobs at the company’s Newcastle headquarters – increasing the Powasys team to seven - with the potential to create a further 20 skilled positions if the project proves a success.

Dr Vincent Thornley, head of Smartgrids for Senergy Econnect, which is a wholly-owned subsidiary of Senergy Alternative Energy, said: “Powasys is an important industry development for Senergy Econnect and the UK as we are endeavouring to make our electricity networks work smarter and increase renewable energy.”

This was posted in Bdaily's Members' News section by Ruth Mitchell .