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East Midlands NHS Trusts could save £11.6million annually through updated energy technology

NHS Trusts in the East Midlands could save at least £11.6million per year by updating inefficient and outdated energy systems

NHS Trusts in the East Midlands could save at least £11.6million per year by updating inefficient and outdated energy systems, according to data released by Centrica Business Solutions. The figures are part of a wider report that examines the potential impact of distributed energy solutions on job creation, economic growth and productivity.

At a time when NHS budgets are under pressure, the missed savings are enough to fund around 371 nursing jobs across the region, which could help to meet significant and increasing demands for NHS services.

Managing Director at Centrica Business Solutions, Jorge Pikunic said their NHS is an incredible healthcare system and a source of national pride – but it’s also under intense pressure to reduce costs while delivering enhanced services. Energy has a huge role to play in that.

Energy could – and should – be a force for good for the NHS, helping to create financial efficiencies and unlock opportunities to make improvements in patient care. However, it needs more support and funding to modernise its hospital estates.

Jorge said that energy technology has come a long way in the past few decades and the systems used by most hospitals across Britain can benefit from the latest energy efficient solutions and equipment. A new approach to energy could save the NHS £130m per year – and that’s just a conservative estimate. The savings could be double this.

Nationally, NHS acute trusts spend around £500m a year on energy. Centrica Business Solutions believes the utilisation of distributed energy solutions, a technical term for a suite of products and services providing energy efficiency, monitoring and on-site generation, can help the healthcare sector to take control of their energy and turn it into an opportunity.

Centrica Business Solution’s report analysed key sectors, including healthcare, industry (including steel, chemicals, glassmaking and ceramics) and hospitality & leisure. Combined, these sectors account for more than a quarter of the UK’s GVA, and almost a third of UK employment.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of Precise Investors. The information provided on Precise Investors is intended for informational purposes only. Precise Investors is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

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