Liverpool based Algeos Ltd manufactures and distributes medical devices and consumables for the prosthetic, orthotic, podiatry, physiotherapy, care and rehabilitation markets globally.
Overview
Investment: £30,000 supported by LCEI Grant of £13,000
The Project: Replacing outdated AC units with a new, more efficient heating/cooling system
Carbon Savings: 1.4t CO2e per year | 21.03t CO2e over the 15-year lifespan of the equipment
Projected Financial Saving: £1,866 on utility bills per year
As part of its long-term growth strategy, the business aims to achieve Net Zero by 2030, and has implemented a series of initiatives to support this. This includes monitoring their carbon emissions and auditing the business buildings, equipment, processes and supply chain to see where reductions can be made.
Algeos Ltd has been awarded the ISO 14001 accreditation for its Environmental Management System and are also investing in a new roof which will be able to support solar panels.
As part of their environmental auditing, they determined that their dated AC units needed replacing, which would bring about positive impacts for their carbon footprint and energy bills.
A Low Carbon Eco-Innovatory (LCEI) researcher produced a report which showed that the new system would save 1.4 tonnes CO2e per year compared to the old AC units, which over their 15-year lifespan, would equate to a carbon saving of 21.03 tonnes. The business also stands to save £1,866 on its annual energy bills, as the new units will be more efficient to run.
The LCEI team supported Algeos Ltd through the Business Grant process, and they were awarded funds towards their investment. The new AC system is now operational at their headquarters in Speke, helping the business to reduce utility bills, cut carbon and compete effectively for new contracts by showing their commitment to decarbonisation.
Operations Director Neil Smith said:
“We found LCEI’s team helpful; providing professional and consultative advice throughout the process. The team at LCEI guided us through what was required and were always on hand either by phone or to arrange meetings.
“Carrying out any equations towards carbon savings is complicated and needs accurate data to create the final analysis. The support mechanisms in place, with Dr Cameron Kelly being a great resource, had a positive impact towards our grant application.
“The new AC units are in place with the support of the LCEI grant, which will help keep Algeos on our journey towards Net Zero in 2030, having a positive impact on the environment and our community in the future.”
Low Carbon Eco-Innovatory (LCEI) is funded via the UK Government through the UK Shared Prosperity Fund, with the Liverpool City Region Combined Authority as the lead authority.
A partnership between LJMU and University of Liverpool, LCEI offers low carbon assistance alongside match-funded grants of up to 50% for low carbon installations and equipment that will help LCR businesses to decarbonise.
The UK Shared Prosperity Fund provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK, investing in communities and place, supporting local business, and people and skills. For more information, visit UK Shared Prosperity Fund: prospectus – GOV.UK (www.gov.uk).