Bristol City Leap, an ambitious project to deliver a zero-carbon, smart energy city by 2030, is today launching a global search to deliver up to £1 billion of investment and provide significant economic benefits for the people of Bristol and its businesses.
Led by Bristol City Council and Bristol Energy, the city’s energy company, City Leap will establish a joint venture with another organisation or group of organisations to support the delivery of the UK’s first carbon neutral city by 2030.
Marvin Rees, Mayor of Bristol said: “City Leap is a world first. We are creating a decarbonised local energy system that Bristol can be proud of.
“City Leap is leading the way on carbon reduction, while at the same time addressing important social and economic challenges.
“The inclusion of Bristol Energy is integral to delivering smart energy propositions utilising City Leap’s projects by weaving a number of technologies together, helping to ensure that the company continues to deliver clean energy and social value for local people.
Following its unveiling last year, City Leap quickly attracted interest from over 180 local, national and international organisations, including technology firms, investors, community organisations as well as innovative energy and infrastructure developers. The procurement process will now run for a number of months.
City Leap will support the Mayor’s ambitions for Bristol to be carbon neutral by 2030. Over £50 million has been invested in Bristol’s low-carbon and renewable projects since 2012, and the council has cut its own emissions by 71% since 2005.
Bristol Energy will have a key role in City Leap. As a formal part of the joint venture, the utility will deliver smart energy propositions, such as local tariffs and innovative services, designed to cut carbon and reduce peak energy demand.
In return, the utility will benefit from external investment, significantly reducing its reliance on council funding, while ensuring important social value continues to be delivered to local people.
Marek Majewicz, Managing Director of Bristol Energy, said: “City Leap will help us deliver a sustainable energy company with social value at its heart. From community heat networks, to energy innovation in social housing, the substantial investment from the partnership will enable everyone in Bristol to benefit from low carbon, renewable energy projects.
“Bristol Energy is already working on a wide range of innovative projects and we’re looking forward to harnessing low-carbon technologies for the good of our city and our customers.”
Organisations interested in bidding can find more information on the council’s Energy Service website: www.energyservicebristol.co.uk.
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About City Leap
- City Leap is an initiative that seeks to greatly increase the number of low carbon projects, initiatives and opportunities across the whole city. It covers a range of zero and low carbon technologies and the development of large scale energy infrastructure to keep Bristol on track to be carbon neutral by 2030.
- Bristol was the UK’s first European Green Capital and the first city to declare a climate emergency - City Leap will be one of the primary vehicles for delivering projects that will tackle climate change and improve air quality in the city.
- City Leap has generated an incredible amount of international interest from nearly 200 organisations who expressed interest in partnership with Bristol City Council.
- The City Leap Energy Partnership will be a Joint Venture between the council and a company (or a consortium of companies) meaning that the council will have a say in the projects that are delivered to ensure that these are for the benefit of the city.
- The City Leap Energy Partnership, which will result in the setting-up of a joint venture with one or more Strategic Partners received approval at the 2 April 2019 Cabinet meeting.
- The City Leap Energy Partnership is just the starting point and will develop a much broader partnership over time, including a wide range of community organisations and businesses that will play a part in its success.
About Bristol Energy
Bristol Energy is a national gas and electricity company, owned by Bristol City Council. It is a purpose led business; creating a sustainable energy company with social value at its heart.
From local job creation to staff volunteer days, carbon reduction activities and well-being initiatives such as training mental health first aiders, Bristol Energy put an estimated £7m social value back into the Bristol community in 2018/19.
The company supplies over 165,000 residential meter points and 4,500 business meter points and is growing its portfolio of renewable energy with 54 contracts with independent, renewable generators. In 2018/19, renewables accounted for 75% of supply.