Construction News

Thu April 25 2024

Related Information

BAM sets up energy division

23 Feb 16 BAM Construct UK has launched a new subsidiary company, BAM Energy Ltd, within its facilities management division.

BAM FM boss Reid Cunningham
BAM FM boss Reid Cunningham

BAM Energy is offering customers design, installation, management and maintenance of energy-efficient systems, as well as support with finance.

It will offer to fund the design and installation of sustainable energy systems, such as biomass heating systems, combined heat and power, photovoltaics or heat pumps, on behalf of a client during the construction phase of a new building. The cost will then be recovered over an agreed period of time through a power purchase agreement, whereby the client buys its power from BAM Energy.

Reid Cunningham, interim managing director of BAM FM and the driving force behind BAM Energy, explained: “The purpose of establishing BAM Energy is to broaden our services and offer customers more choice. We find that clients are often unaware of green energy options or daunted by the up-front capital investment. Using our expertise, we can help them find the best energy option and facilitate its implementation.”

Got a story? Email news@theconstructionindex.co.uk

MPU
MPU

Click here to view latest construction news »