BAM FM launches energy division
Apr 20, 2016
A new trading company within BAM FM – BAM Energy – has been launched ‘to help customers reduce their energy consumption’.
Bringing together expertise ‘from every part of BAM Construct UK’, BAM Energy offers design, installation, management, and maintenance, ‘of energy-efficient systems’, as well as support with finance.
BAM Energy will fund the design and installation of sustainable energy systems (such as biomass heating systems, Combined Heat and Power (CHP), photovoltaics (PVs), or heat pumps on behalf of a client during the construction of a new building. The cost is then recovered over an agreed period through ‘a power purchase agreement’, whereby the client buys its power from BAM Energy ‘at a competitive rate’.
Reid Cunningham, interim MD – BAM FM, the ‘driving force behind BAM Energy’, said: ‘We find clients are often unaware of green energy options, or daunted by the upfront capital investment. Using our expertise, we can help them to find the best energy option and facilitate its implementation. By moving the upfront investment into the client’s general operating costs, and agreeing a fixed index for energy consumption, we can offer them better cost certainty.’