Solar power solution for aerospace manufacturer

A North Warwickshire manufacturer of precision-engineered aerospace components is reducing its emissions and energy usage with the installation of 13,000ft² of solar panels, supported by funding from Lloyds Bank.

ANT Industries manufactures and assembles complex components for the aerospace and power generation industries, with customers including Rolls-Royce, Siemens, Kawasaki Heavy Industries and ITP Aero.

As part of its plans to increase its green credentials, new panels capable of producing 120kW of electricity each hour will be installed at the firm’s third and newest factory in Atherstone.

The new system will provide almost a third of its energy requirement and reduce its CO2 emissions by 23.2 tonnes per year.

The solar panels will be funded via Lloyds Bank’s Clean Growth Financing Initiative, which provides customers with access to discounted lending for green purposes, and a grant from the Coventry and Warwickshire Green Business Programme.

The business, which marks its 50th anniversary this year, forecasts a turnover of £8.3m for 2022. It employs 63 staff and plans to hire another ten people over the next 12 months.

Shaun Rowley, managing director of ANT Industries, said: “The support we’ve received from Lloyds Bank is helping us to build back better after the pandemic and invest in our future. It is allowing us to introduce renewable energy technology that will not only reduce our emissions, but also help counteract the financial burden of rising energy costs.

“Becoming 100% self-sufficient is a significant part of our growth plan and we eventually hope to fit solar panels on all three of our factory buildings. It’s really important we start to think of other ways to reduce our energy usage as we see sustainability as a long-term solution to safeguarding the business. Next in our plan is to improve our insulation, invest in more efficient equipment, and alter our shift patterns to reduce our carbon footprint and support the region on the road to Net Zero.”

Phil Davies, relationship director, SME banking at Lloyds Bank, said: “Over the past 50 years, ANT Industries has built a reputation as an expert in its field and can count many leading global businesses among its customers. The business is now focused on the future, with investments in green technology and digitalisation, which will set it in good stead as it looks towards continued growth.

“At Lloyds Bank, we’re committed to helping businesses reduce their environmental impact and we will be by the side of progressive businesses such as ANT Industries as we work towards a low carbon economy.”

Lloyds Bank

www.lloydsbankinggroup.com

ANT Industries

www.antindustries.com

Related Articles

Bridging the manufacturing gap

In this article Dr Henrike Wonneberger COO and co-founder of BASF-owned, digital supply chain specialist Replique, discusses the concept of ‘bridge’ manufacturing with the aid of 3D printing. The system enables parts to be supplied on-demand when there is unexpected need or stock is low. Parts are sourced from the supply chain through a global, decentralised and secured additive manufacturing network
1 month ago Features

Kent engineering firm manufactures sustainable growth

Kent-based AD Engineering has invested in an ‘eco’ building which has the ability to power its state-of-the-art machinery after securing a five-figure funding injection from NatWest and Lombard Asset Finance.
3 years ago News
Most recent Articles

Innovative tooling at heart of new partnership

A new supplier partnership focused on ensuring engineering and subcontracting firms receive high-precision tooling and value-added service has been announced between MSC Industrial Supply Co. UK (MSC) and Walter Tools.
56 minutes ago News

Login / Sign up