Swedish energy-tech company invests £300m to help one million British homes move away from gas

Today, Swedish based clean energy-tech company, Aira, launches in the UK with a pledge to invest £300m in the next three years to accelerate decarbonisation.

The company’s ambition is to serve five million households across Europe, of which one million are in Britain, with affordable clean energy-tech solutions to take Europe off gas. Aira will reduce the UK’s CO2 emissions to the equivalent of taking two million cars off the nation’s roads.

The UK still relies on 25 million fossil fuel boilers to heat homes, these account for 16 per cent of the nation’s CO2 emissions1. Switching to an air source heat pump substantially reduces household heating costs and carbon emissions. With Aira’s innovative and accessible solutions, households save 25 per cent on their heating related costs while simultaneously reducing CO2 emissions by 75 per cent.

The Government’s mission is to increase heat pump uptake to 600,000 installations a year by 20282 to reduce the nation’s reliance on expensive, imported fossil fuels. Aira Chairman, Harald Mix, is set to lay out Aira’s pledge to decarbonise the UK at the Global Investment Summit today.

Today Aira UK is a team of 200 employees, consisting of Clean Energy Experts and supporting roles, with 600 employees globally. Since its global launch in June 2023, Aira has acquired Sheffield based All Seasons Energy, a renewable energy specialist, leveraging their local expertise and knowledge.

To accelerate rapid growth, Aira is investing in two Aira Academies, one in London and one in Yorkshire, that will train thousands of Clean Energy Experts, helping drive their goal to serve one million UK homes and build the clean energy workforce of tomorrow.

Daniel Särefjord, Aira UK CEO, said: “Heat pumps represent the most technologically advanced, economic, and environmentally friendly way to heat our homes. They are four times more energy efficient than gas boilers and will help people reduce their heating bills by 25 per cent.

“The Government has confirmed that over 90 per cent of UK homes are suitable for a heat pump2. Aira offers a hassle-free, budget-friendly path to lower energy bills and a more climate-friendly economy.”

Energy Security Secretary Claire Coutinho said: ’’Families should not have to choose between cutting costs and cutting emissions which is why we increased our Boiler Upgrade Scheme by 50 per cent to £7,500 grants – making our scheme one of the most generous in Europe.

“Our plan is working, and we are seeing an increase in applications. It’s fantastic that Aira is investing £300m in the UK heat pump market to help further rollout. Their investment will also create 8,000 new jobs here in the UK, growing our economy and helping us make the green transition.”

By Mark Adair – Correspondent, Bdaily

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