Renewable investment supports pump manufacturer’s growth
Bristol-based pump manufacturer, Apex Pumps, has recently installed a 150kW solar panel system on its factory roof.
The installation was made possible by a £150,000 asset finance package from Lloyds Bank, which was supported in part by the Clean Growth Financing Initiative (CGFI) –which offers fee-free lending for clear, specific, sustainable projects and purchases – and a grant from the West of England Mayoral Combined Authority.
The investment in Apex Pumps’ facility supports the company’s target to become 50% self-sufficient in its energy use through renewables.
Commenting on the installation, Andrew Simpson, Managing Director at Apex Pumps, said: “Overhauling our manufacturing methods and becoming more self-sufficient when it comes to energy usage, boosts our sustainability and competitiveness in global export markets.
“The support we are receiving from Lloyds Bank has been integral to realising these changes, and with solar panels that are projected to pay for themselves in just four years, the benefits to our business and beyond are profound.”
