Green Power Hire
Financing sustainable power solutions used for facilitating greener construction sites
Novuna Business Finance provided finance to Green Power Hire Ltd, a supplier of sustainable battery storage units which reduce fuel consumption, noise and CO2 emissions on construction sites.
Green Power Hire is part of the Russell’s Group, which is one of the country’s foremost agricultural, grounds care and construction equipment suppliers.
Green Power Hire’s battery storage solutions that control the power on construction sites is provided by turning on and off individual sockets, monitoring, and offering true reporting data to ensure optimum power is provided. This can lead to an estimated average reduction of 55% in fuel usage. In addition, the battery has the potential to save 795 tonnes of CO2 over its lifetime when compared to red diesel usage.
When the concept of sustainable battery storage was less widely known, it wasn’t easy for Green Power Hire to find a finance partner who could support their business growth. MHCUK understood the uniqueness of the product, and the benefits for both customers and the environment.
Working with Novuna Business Finance allows Green Power Hire to expand their business and help construction sites to be more sustainable.
James Nash, Director of Green Power Hire said: “Without the understanding of Novuna Business Finance, we undoubtedly wouldn’t be where we are today, and we look forward to seeing where the journey leads us.”
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