The deal, terms of which were not disclosed, makes LC Energy a supplier of both boilers and fuel. That’s good news for customers, said LC Energy boss Mark Lebus.
“The quality of the wood fuel is crucial to the performance and reliability of the biomass boiler and there have been cases where some suppliers have not met these standards leading to problems with boilers. Now that we are involved in the sourcing and maintenance of the boilers, as well as supplying the fuel, we can ensure a seamless and reliable service to customers”.
Mike Barnsley, managing director of Ecolyf, retains a 20 per cent interest and will continue as LC Energy’s head of engineering. “I’m really excited about this partnership. The two businesses are so complementary and now our customers have the assurance of dealing with a company of a much larger magnitude, one with a pool of technical resources and a considerable infrastructure.
LC Energy, which is the sole supplier to Heathrow Airport’s biomass energy centre and Center Parcs Woburn, eyes further growth across both industrial and domestic sectors. The firm said demand for its services increased by around a third last year as firms realised the cost benefits of biomass and government incentives helped make the case for investment decisions.