Wates and Lloyds Banking Group announce winners of sustainability innovation competition
Wates Group and Lloyds Banking Group (Lloyds) today announce the four joint winners of a competition launched to find the next generation of green tech businesses that will support Lloyds in its transition to net zero carbon operations.
From an intelligent thermostat that improves the efficiency of air conditioning to friendly bacteria that can unblock urinals and reduce wastewater, the products now have the opportunity to be piloted across Lloyds’ branches and offices. A budget of £100,000 will be made available to test the technologies in a live environment and whether they can ultimately be rolled out at scale.
Over 100 companies applied to the sustainability innovation competition, which aimed to unearth and champion new sustainable technologies for the built environment. Following a rigorous assessment process by Wates’ technical advisory panel, finalists pitched to judges in a Dragon’s Den style event at Mitie’s headquarters in The Shard, London on 28 January. The four winning suppliers have been selected for their ability to deliver against Lloyds’ ambitious operational pledges, which commit to net zero carbon operations and a 50% reduction in energy consumption by 2030, as well as a 40% reduction in absolute water consumption by 2030.
The four winners are:
- Advanced Bacterial Sciences: a drain unblocking system that uses friendly bacteria to remove wastewater issues such as blocked urinals.
- Quattro Seal: a liquid sealing system that increases air tightness in buildings, generating energy savings of up to 27%.
- Coolnomix: a high impact intelligent thermostat that maximises air conditioning efficiency and reduces energy consumption with a return on investment in under 24 months.
HSG (Ureco): an eco-friendly urinal sleeve system that helps prevent costly blockages, reduces water usage and removes odours, without the need for strong chemicals and cleaning agents.
The competition builds on the businesses’ existing relationship, which includes a ten-year programme of fit-out works by Wates Smartspace across Lloyds’ buildings. As well as the chance to be rolled out across Lloyds’ branches and offices nationwide, the winners will be added to the Wates Innovation Network (WIN) Portal as Innovation Partners, alongside other pioneering green tech businesses. The Portal is a free to use online marketplace for suppliers of environmental technologies that enables them to connect their product with built environment customers across the supply chain.
Dr Zainab Dangana PhD, head of sustainable technology services at Wates Group, said: “The work we’ve been doing with Lloyds Banking Group is about connecting our customer with the products that can help it achieve its environmental goals. Too often, new, viable technologies fly under the radar because suppliers are unable to get in front of the right decision makers. We’re bridging that gap, but we need to see more companies like Lloyds putting their weight behind the green businesses that are critical in our national drive towards net zero.”
Matteo Deidda, senior sustainability manager at Lloyds Banking Group, said: “The response to the Sustainability Innovation Competition has been fantastic. We are very excited to work with the finalists and our partners in the coming months, to pilot these technologies in our offices and branches. The winning technology will have access to our innovation budget to test their solutions in our buildings, and roll out at scale if the pilots are successful. This is a great opportunity for speeding up our transition towards a greener future and achieve the group operational climate pledges.”
This is the first green innovation competition launched by Wates and Lloyds, however the partnership has already resulted in eight sustainable technologies being piloted across its branches and offices. One currently being trialled across three sites is Propelair, a water efficient toilet that reduces water usage by up to 85%.
