Devon councils form green energy company
Three Devon councils have joined forces with the Royal Devon & Exeter NHS Foundation Trust and the University of Exeter to establish a new environmentally friendly energy company.
Dextco, the first specifically Exeter-based energy company in almost 70 years, will develop a new network designed to transport heat generated at Wonford Hospital to homes and businesses across the city.
Future projects could potentially see the company involved in distributing heat from the Marsh Barton Energy Recovery Facility.
The schemes are now looking to attract further funding from central government initiatives to encourage the rollout of heat networks.
Over the coming months, the company will lead the procurement of a private sector partner. If successful, work could start on the new network in 2018.
Dextco will be overseen by a board of directors representing Devon County Council, Exeter City Council and Teignbridge District Council, as well as the NHS foundation trust and university.
Cllr Andrew Leadbetter, cabinet member for economy, growth and cabinet liaison for Exeter, said: "Dextco is a win-win for everybody in the county. It will deliver low carbon energy projects, encourage inward investment, drive growth in the local economy, create skilled jobs and provide secure, low carbon energy at a competitive, transparent price.
"I welcome the formation of a new board and look forward to working closely with board members in the future."