Noventa, a Canadian company, has acquired three heat-from-wastewater assets from Scottish Water Horizons, aiming to repower and enhance their output for district heating.
- The acquisition includes the Stirling, Dalmarnock, and Aqualibrium Energy Centres, currently serving district heat networks and a leisure centre in Scotland.
- These facilities utilise heat-from-wastewater technology, providing power to nearby wastewater treatment plants under long-term agreements.
- Noventa plans to employ their proprietary Wastewater Energy Transfer™️ System to boost heat and power generation, reducing emissions significantly.
- Funding from Ancala supports Noventa’s ambition to expand its decarbonisation efforts across the UK and Europe.
Noventa, a company based in Canada, has finalised the purchase of three significant heat-from-wastewater assets from Scottish Water Horizons. This strategic move is geared towards repowering and improving the efficiency of these assets, a development pivotal in enhancing district heating capabilities. The acquisition includes the Stirling Energy Centre, the Dalmarnock Energy Centre, and the Aqualibrium Energy Centre, which currently provide essential heating services to district heat networks managed by Stirling Council and Clyde Gateway, alongside a leisure facility operated by Argyll & Bute Council.
The technology harnessed by these centres involves extracting and utilising thermal energy from wastewater, representing a sustainable approach to heating that concurrently powers wastewater treatment operations in Stirling and Glasgow. This is made possible through established long-term agreements, ensuring a reliable energy supply for both municipal and industrial needs.
Under the stewardship of Noventa, these facilities are set to benefit from the company’s advanced Wastewater Energy Transfer™️ (WET™️) System, which includes the HUBER ThermWin®️ technology. This innovative system promises to reduce carbon emissions associated with heating by over 70%, while also expanding the heat generation capacity substantially. Noventa has projected that these schemes can potentially generate up to 33GWh of heat and 15GWh of power annually, which is sufficient to heat and power nearly 5,000 and 1,000 average homes respectively across the United Kingdom.
Dennis Fotinos, the founder and CEO of Noventa, expressed enthusiasm about the acquisition, highlighting its alignment with Noventa’s broader objectives to expand operations across the UK and Europe. The acquisition not only positions Noventa to demonstrate the transformative impact of its decarbonisation technology but also to forge stronger partnerships with entities like Scottish Water Horizons.
Ancala, an infrastructure investment manager, has played a crucial role in financially backing this acquisition. Having invested in Noventa in 2023, Ancala remains committed to supporting the capital needs for further site acquisitions and technological developments. Lee Mellor, a partner at Ancala, noted this acquisition as a milestone in Noventa’s international growth strategy.
Scottish Water Horizons’ managing director, Paul Kerr, remarked that the sale is a strategic step towards accelerating renewable energy technology development in Scotland. He emphasised that this aligns with Scotland’s broader energy transition goals, contributing effectively to its net-zero aspirations by facilitating reliable and low-carbon heating solutions.
Noventa’s acquisition signifies a major step forward in sustainable district heating, leveraging innovative technology to significantly reduce emissions.
