UK – Bio-Mass for Heat

Helios founded Alternative Energy Development (“AED”), a UK ESCO, to create a platform of Biomass boilers for heating buildings. In the UK, the energy consumption for heating purposes represents about 50% of total energy. Heating from renewable resources is an important topic covered under the UK Renewable Heat Incentive (“RHI”) scheme. AED currently owns a portfolio of 6 boiler installations across England. The boilers are powered with wood chip or wood pellets.