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Company aims for a “greener economy”

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Greenrock Energy will manage the company, which will work with ground source heat pump systems. The pumps use solar energy stored just below the earth’s surface to heat buildings and can also cool buildings by transferring heat from buildings to the ground.

One unit of input energy typically produces 3.5 to 6.5 units of output energy. The systems can provide carbon savings of 50 per cent or more compared to conventional energy sources.

Greenrock is currently looking to raise £10m in equity. Greenrock chairman Cameron McColl previously set up two high-technology call centre operations while the board also former UK energy minister the Rt Hon Brian Wilson.

Wilson is confident the business will be a success: “It represents the kind of lateral thinking required to make green jobs and a greener economy a reality.”

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