Fulcrum Utility Services Ltd New Contract Award (1552C)
June 17 2021 - 1:00AM
UK Regulatory
TIDMFCRM
RNS Number : 1552C
Fulcrum Utility Services Ltd
17 June 2021
17 June 2021
FULCRUM UTILITY SERVICES LIMITED
("Fulcrum" or the "Group")
New Contract Award
Fulcrum Utility Services Limited, a leading independent
multi-utility infrastructure and services provider focused on
delivering infrastructure for the UK's net-zero future, is pleased
to announce that it has been awarded a new GBP5.5 million
multi-utility infrastructure contract that will support the
decarbonisation of the UK agriculture sector, by powering a new
22-hectare renewably heated vegetable growing facility.
Working with a low carbon energy projects specialist, AGR
Renewables ("AGR"), the Group has been awarded this contract to
deliver electricity, gas and water infrastructure for Greencoat
Capital's latest large-scale greenhouse near Ely, Cambridgeshire,
which will be one of the largest built greenhouses in the UK and
will have the capacity to grow 10 per cent. of the cucumbers
consumed in Britain.
Under the contract, the Group will design and install 7km of
electricity infrastructure, 12.5km of gas infrastructure and 2.9km
of water infrastructure and will provide network connections to a
new Combined Heat and Power (CHP) Energy Centre adjacent to the
greenhouse. The Energy Centre will power open loop heat pumps,
which will use heat from the nearby reservoir to warm the
greenhouse.
The renewable heating process will deliver a 30 percent
reduction in CO2 compared to conventionally heated greenhouses. It
will also use 10 times less water than is used for field-grown
vegetables.
With plans for the greenhouse to be operational before the end
of the first quarter of 2022, the Group has already undertaken a
programme of design and pre-mobilisation works to ensure that it
can deliver the utility infrastructure within a relatively short
timescale, enabling the energisation of the electricity and gas
connections and completion of the water infrastructure before the
end of this calendar year.
Terry Dugdale, CEO, said:
"We are delighted to be using our capabilities and expertise to
power this greenhouse, which will support the decarbonisation of
the UK agriculture sector and help reduce food mileage. With 85
percent of the UK's cucumbers imported from abroad, these huge
greenhouses have the capability to increase the volume of
home-grown vegetables in a sustainable way through methods that use
renewable, low carbon energy.
We have worked closely with AGR and Greencoat, bringing our
experience of multi-utility infrastructure and CHP energy centres
to ensure that this project can be delivered to a relatively short
timescale, so vegetable production can begin early next year."
Enquiries:
+44 (0)114 280
4102
Fulcrum Utility Services Limited
Terry Dugdale, Chief Executive Officer
+44 (0)20 7397
Cenkos Securities plc (Nominated adviser and broker) 8900
Callum Davidson (Nomad) / Michael Johnson (Sales)
N+1 Singer (Joint Corporate Broker) +44 (0)20 7496
Sandy Fraser / Rachel Hayes 300
Notes to Editors:
Fulcrum is a multi-utility infrastructure and services provider.
The Group operates nationally with its head office in Sheffield, UK
and its main business is the design, build, ownership and
maintenance of energy connections and their related utility
infrastructure. The Group's offering also extends to smart meter
ownership and exchange programmes, and the selective ownership and
maintenance of utility networks and infrastructure.
https://investors.fulcrum.co.uk/
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