Greenwood’s forward-thinking technology is exactly the kind of innovation we’re looking for in the UK.
Seattle, WA (PRWEB) September 19, 2013
The economic benefits of the United Kingdom’s low-carbon and green growth policies were showcased today as British and Washingtonian business and policy leaders met to discuss how the two entities can continue to work together to advance clean tech investment and innovation.
As part of his visit to the Pacific Northwest, UK Minister for Energy & Climate Change Greg Barker spoke at a breakfast meeting of the Washington Clean Tech Alliance about how the UK’s policies are fostering the growth of clean tech industries. He later toured Bellevue-based Greenwood Clean Energy's Tacoma facilities in advance of that company’s expansion into the UK market this fall.
"The UK has legally binding ‘carbon budgets’, aiming to cut UK carbon emissions by at least 80% by 2050. Washington State’s like-minded approach to fostering a robust green economy makes it a natural trade and investment partner for the UK," said Minister Barker, who has held his current position since 2010. "The UK imported $1.5 billion in goods from Washington State last year, on top of a strong two-way investment relationship, and we look forward to continuing to expanding it in all sectors, especially clean tech."
UK companies like Rolls Royce and SLR Corporation have been successful in bringing their clean tech know-how and expertise to international markets, including the Pacific Northwest. In addition, the UK’s leading energy and sustainability policies and investment have created a strong domestic clean tech market that attracts companies from around the world, including Washington state.
Greenwood Clean Energy, maker of next-generation wood boilers and wood furnaces for residential and light commercial uses, is the latest example of Washington/UK collaboration. Though only four years old, the company has identified the UK as a promising market for the company’s energy-efficient products.
"Our expansion into the UK will provide British consumers with a quality product that will save them money while also improving the environment by reducing carbon emissions," said Michael Kuehner, president and co-founder of Greenwood Clean Energy. "We strongly believe the UK market is the right place to continue our company’s growth."
The manufacturer is working with the British Government to certify its products for sale in the UK, and already has 70 dealers ready to sell Greenwood products throughout Great Britain. Renewable Heating Incentives (RHI), the UK’s long-term financial support program for renewable heat, makes Greenwood’s products even more attractive to British families and small businesses alike.
"Greenwood Clean Energy’s forward-thinking technology is exactly the kind of innovation we’re looking for in the UK," said Minister Barker. "American clean tech companies that hop the pond to the UK will find a strong market for their products and services and a positive policy environment for doing business."
During his time as Minister at the British Department for Energy and Climate Change (DECC), Minister Barker has overseen the development and implementation of a number of Coalition Government policies to encourage jobs, growth and innovation in the green economy and to protect consumers, and has taken an active role in international climate negotiations including:
- The launch of the ground-breaking Green Deal.
- The creation of the world’s first-ever Green Investment Bank.
- The launch of a UK Energy Efficiency Mission Reforming the Feed-in Tariff system to make it more sustainable and affordable.
- Scaling-up international public and private climate finance flows.
- Supporting greater deployment of solar in the UK Innovating new approaches to tackle fuel poverty.
- Leading Energy Act 2012 on behalf of the British Government, and playing a leading role in taking the Energy Bill through the House of Commons.
About UK Trade & Investment
UK Trade & Investment (UKTI) is the British Government department that helps UK-based companies succeed in the global economy. It also helps overseas companies bring their high quality investment to the UK’s economy – acknowledged as Europe’s best place from which to succeed in global business. UKTI offers expertise and contacts through its extensive network of specialists in the UK, and in British embassies and other diplomatic offices around the world. It provides companies with the tools they require to be competitive on the world stage. For more information on UKTI visit online or telephone its offices in Los Angeles (+1 310 789 0031) or San Francisco (+1 415 617 1300). For latest press releases, visit the UKTI online newsroom.
About Greenwood Clean Energy
Founded in 2009, Bellevue, Washington-based Greenwood Clean Energy manufactures next generation wood boilers and wood furnaces for residential and light commercial applications. Greenwood’s high-efficiency appliances burn wood for space and water heating. Greenwood appliances are available through dealers throughout the U.S., Canada, UK, and New Zealand. For more information visit: http://www.GreenwoodUSA.com or (888) 788-3090.