World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

L&G takes 36% stake in heat pump firm Kensa

UK: Legal & General Capital has taken a 36% stake in ground source heat pump manufacturer, The Kensa Group. 

Kensa says the investment will advance its heat pump research and development programme, expand Kensa Contracting’s district heating shared ground loop array installations, and fund zero-cost heating infrastructure through Kensa Utilities.

Legal & General invests its capital in clean energy assets, businesses and technologies which will help accelerate the UK’s progress to a low-cost, low-carbon economy. The partnership with Kensa complements Legal & General’s existing clean energy investment portfolio, which now includes low carbon heat, transport and power generation. Legal & General says its investment supports the partnership’s ambition to form part of the UK’s solution to reaching net zero carbon emissions by 2050.

Kensa Group CEO Simon Lomax said: “This is a significant investment not only for Kensa, but also for the low carbon economy and our region. Legal & General’s support will deliver vital employment opportunities in Cornwall and bolster UK manufacturing in the wake of Covid-19, as attentions return to combatting the effects of climate change and meeting the UK’s 2050 net zero carbon target. 

Legal & General’s partnership with Kensa coincides with the completion of a new 1000m2 manufacturing and office facility on its current site at the former Mount Wellington Mine in Cornwall.

“Together with the delivery of our expanded manufacturing premises, Kensa’s partnership with Legal & General aims to install 50,000 ground source heat pumps in the mid-term; a weighty contribution to quickly tackling carbon emissions, air pollution and fuel poverty,” said Lomax. 

Established in 1999, the Kensa Group currently comprises three divisions: manufacturer Kensa Heat Pumps, installation business Kensa Contracting and infrastructure asset company Kensa Utilities.

James Standley continues as MD of Kensa Heat Pumps with Matthew Trewhella as MD of Kensa Contracting.

Latest News

20th February 2024

F-gas regulation published in Official Journal

EUROPE: The new F-gas regulation has now been published in the EU’s Official Journal, making it legally binding and entering into force in 20 days.
20th February 2024

Carrier Germany increases heat pump training

GERMANY: Carrier Germany is offering new hydraulics training courses  at its training centre on the IKKE campus in Duisburg to support the growing demand for heat pump expertise. 
20th February 2024

Oceanair acquired by builders’ merchant MKM

UK: Air conditioning and heat pump distributor Oceanair UK has been acquired by MKM, the independent builders’ merchant.
20th February 2024

Carrier to build factory and R&D facility in Saudi Arabia

SAUDI ARABIA: Carrier is to build an advanced manufacturing and R&D facility in Saudi Arabia in a partnership with Alat, a new Riyadh-based public investment fund company.
19th February 2024

BDN offers high level monitoring

IRELAND: The first installation of Bitzer’s Digital Network (BDN) in Ireland is providing high-level monitoring, system diagnostics and optimisation for an award-winning deli food specialist.
19th February 2024

Manchester receives heat pump training boost

UK: Daikin UK in partnership with the Green Skills Academy is to deliver the first heat pump training programme for college tutors and staff at nine Greater Manchester colleges.