CASE STUDY:
Excalibur helps Pulleyn Transport slash energy
bills with the Energy Efficiency Financing scheme
en,
Gareth Hold
DIRECTOR
G
MANAGIN
Excalibur Energy, Amesbury
P
ulleyn Transport is a
provider of specialist
temperature controlled
services. Their site in Reading
includes a 42,000 square foot
frozen and chilled storage
facility, which consumes 80%
of the site’s electricity.
Under pressure to meet the company’s
climate change agreement targets,
Pulleyn approached Excalibur to
investigate the potential to reduce the
energy consumption of the coldstore.
With over 30 years’ experience,
Excalibur is one of the oldest energy
management companies in the UK,
delivering energy efficiency projects
for refrigeration, liquid chillers, air
conditioning, pumps, fans and boilers.
At Pulleyn Transport, the cooling system
of the storage facility comprised six
individual systems, it was not economic
to modify them individually due to
their small size. In addition, existing
condensers were in poor condition and
not optimally located, Excalibur proposed
to convert the system into a multicompressor pack. This would incorporate
the latest energy-efficient technology
with a new oversized condenser, Liquid
Pressure Amplification and inverter
control of the lead compressor and
condenser fans to match energy use to
energy requirements.
Financing for the conversion project
was sought from the Energy Efficiency
Financing (EEF) scheme. The scheme,
a joint initiative between the Carbon
Trust and Siemens Financial Services
Limited (SFS), is designed to provide
finance for energy-efficient equipment for
businesses, where the expected savings
in energy costs offset the monthly
equipment finance costs, effectively
making the investment zero net cost or
even cash positive.
Excalibur’s energy modeling showed
that the modifications could drive down
electrical consumption by over 30%
with a return on investment of just over
two years. This was confirmed by the
EEF independent assessment. As a
recognised supplier of the EEF scheme,
Excalibur was able to arrange a threeyear financing solution for Pulleyn
Transport on the £81,950 project,
allowing it to pay the monthly equipment
finance cost from the expected energy
savings. Without the need to provide a
large upfront capital, meaning the project
could proceed swiftly.
“Cost savings on energy
resulting from the refitting
project are exceeding our
expectations.”
To avoid disruption the project was
phased with one compressor added to
the new pack at a time, allowing the
cold storage plant to continue to operate
without any effect on temperatures. Initial
monitoring showed that the upgrade
project already exceeding expectations,
with energy consumption cut by almost
Energy Efficiency Made Easy
For more information, please visit
www.energyefficiencyfinancing.co.uk or call 01753 434 476
Energy saving
assessment by
Financial Services
provided by
50% and carbon emissions reduced by
330 tonnes. At the same time, Pulleyn
Transport was meeting all of their
obligations to the company’s climate
change agreement.
John Hoole, Financing Quality Manager
of Pulleyn Transport, comments:
“We were made aware of the EEF
scheme through Excalibur. This
specialist facility enabled us to obtain
the technology we need to drive down
energy costs and to reduce our carbon
footprint. The financing from EEF came
through very quickly and the whole
process was really smooth and efficient.
Cost savings on energy resulting
from the project are exceeding our
expectations and the investment will pay
itself off in around two years. All in all,
it was a very successful project and we
are very pleased with the results.”
knowing that projects are undertaken
under the watchful eye of the Carbon
Trust. Energy savings assessment
audited and validated by their
independent energy specialists gives
customers the assurance that expected
energy savings will match – if not
even exceed –the monthly equipment
finance costs. Many of our customers
are under mounting pressure to meet
carbon targets and by being able to link
savings to affordability, the EEF scheme
reassures our customers that their
projects are financially and commercially
viable.”
Excalibur and the EEF scheme
Gareth Holden, Managing Director of
Excalibur, comments:
With its technical expertise and in-depth
knowledge, Excalibur has worked in
sectors as diverse as pharmaceuticals,
airports, food production, hospitals
and universities, helping its customers
to improve energy efficiency in their
facilities.
“The major factor that differentiates the
EEF scheme from other lease options
is the fact that our customers, such as
Pulleyn Transport, have confidence in
Having already established a close
working relationship with the Carbon
Trust, Excalibur quickly seized the
opportunity to become a recognised
supplier of the EEF scheme when it
was first launched. With the scheme
providing an affordable alternative to
outright cash purchase, businesses’
green investments are no longer subject
to capital budget restrictions. Technology
suppliers like Excalibur can therefore
offer customers the most energy-efficient
solutions that truly meet the individual
business requirements.
Being an EEF-recognised supplier gives
Excalibur the competitive advantage
to offer its customers a comprehensive
sales package incorporating financing
and technology, enabling the company
to close more deals. In addition,
Excalibur can benefit from improved
cash flow as fast payments of invoices
are made direct by SFS, usually within
24 hours of receipt of post-installation
documentation. Prior to finance being
approved, specialist advisers at the
Carbon Trust perform energy savings
assessment to check that expected
energy savings should match equipment
finance payments.
Energy Efficiency Made Easy
For more information, please visit
www.energyefficiencyfinancing.co.uk or call 01753 434 476
Energy saving
assessment by
Financial Services
provided by