Summary: Legal & General Capital (LGC) has made a further £8 million investment into the Kensa Group, bringing LGC’s total investment to £15.7 million over two years.
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- LCG is investing £8 million in the Kensa Group to help with the acceleration of ground source heat pump technology and networks to meet government demand of installing 600,000 heat pumps per year by 2028.
- Employment in the Kensa Group has more than doubled from 80 employees in 2020 to 170 in 2022 and this growth will continue
- Revenues have also doubled, from £15.5million in 2020 to £31.5 million this year
- An estimated 8 million tonnes of carbon will be saved per year by Kensa ground source heat pumps that have been installed since April 2020, the equivalent of removing 2,797 combustion engine cars from the road.