The 2017 budget was one of huge importance for the renewable energy industry. Ireland is currently under pressure from the EU to reach the 2020 target for renewable energy (16%). The target for heating and cooling is to grow energy usage from renewables to 12%. Ireland has grown this figure to 8.6% over the past few years but has plenty more to go to reach the target. If Ireland should fail to reach the EU renewable-energy targets, we will be forced to pay a fine of €75 million each year.
€17 million worth of funds was allocated to the RHI in the 2017 budget, this is an attempt from the government to encourage people to invest in renewable energies for heating and cooling, both domestically and commercially.
It is understood that the scheme will cover additional costs of generating heat from renewable sources by providing a payment on a ‘per unit of energy produced’ basis. This should also account for the reduction in units used in comparison to previous consumption. Galú accumulator tanks can help increase the amount redeemable from the incentive. This is because of the strong connection between accumulator tanks and renewable energy for heating.
For example, if a biomass boiler is heating a household and the house has reached the desired temperature there is no longer a use for the energy being produced. However, the biomass boiler cannot instantly be turned off. With an accumulator tank the remaining energy is stored and can be held until the next day when the heat is required in the house again. A standing alone Galú accumulator tank has roughly one degree Celsius of heat loss over a 24 hour period making it an ideal product to be partnered with biomass boilers.
For more information on biomass systems and how our accumulator tanks can optimise they’re performance have a look at our Galú classic page.
To see how an accumulator tank can benefit our house or business today go to the click here and contact us today.