Coinciding with the company's 20th year anniversary, the new premises will see Kensa produce 30,000 ground-source heat pumps every year, providing carbon savings equivalent to taking 60,000 cars off the road. The new heat pump facilities are due for completion in January 2020.
The privately funded expansion will make Kensa the largest low carbon business in Cornwall, providing at capacity 150 jobs. With an existing market share of near 50 per cent, Kensa forecasts annual growth of around 50 per cent as the UK government introduces regulations to outlaw the use of high carbon fossil fuels, particularly in new build housing in just six years' time. Ground-source heat pumps offer lower-cost heat than mains gas and are the lowest carbon heating technology.
James Standley, MD of Kensa Heat Pumps, said: "Kensa's new manufacturing facility provides us with the capability to build on what we started here in Cornwall 20 years ago and make a huge impact on the UK's transition to a low carbon economy. While we are the UK's number one ground-source heat pump supplier for the seventh consecutive year, we remain proudly Cornish, with a strong local workforce and infrastructure. As pioneers for renewables back in 1999, it is testament to the Kensa Group's quality, service, and expertise, that we will now be the largest, privately funded, renewable business in the County."
Like Kensa's current factory, the new premises will have underfloor heating and hot water fed by a ground-source heat pump harnessing heat from water from the flooded mine workings below.
Simon Lomax, CEO of the Kensa Group said: "Kensa has emerged as the county's largest employer in the low carbon heat sector and the new facility will provide our committed workforce with an exceptional workspace. Kensa is the long-established, UK market leader and we expect to grow at a rapid rate in the years ahead as the appeal of ground-source heat pumps become apparent to all."
A finance package from UK high street bank HSBC has been provided for the new premises, as Mark Self, HSBC UK's business banking area director for Cornwall, Devon and Somerset, explained: "We're committed to helping sustainability businesses thrive, so it's been fantastic to see Kensa expand its facilities to react to increasing demand for more eco-friendly heating systems. This is particularly pertinent as the UK commits to becoming carbon neutral by 2050. We're looking forward to seeing the new factory take shape as the business continues to grow and invest in the local area."
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