Sharecast News
07 Feb, 2024 13:17 07 Feb, 2024 08:52

Sabien gas-saving tech installed at Hampton Court Palace

dl sabien technology aim carbon management services energy reduction cloud digital service provider logo
Sabien TechnologySharecast graphic / Josh White

Sabien Technology Group announced the installation of its M2G Cloud Connect system at Hampton Court Palace on Wednesday.

The AIM-traded firm said M2G Cloud Connect, a cloud-enabled gas boiler energy-saving product, was implemented within the greenhouse boiler system at the historic site.

It said the system would offer real-time analysis of efficiency improvements and cost savings without requiring any alterations to the building's structure.

That was particularly advantageous for Hampton Court Palace, given its listed status, where preserving the integrity of the estate was paramount.

The board said the non-intrusive installation process aligned with Historic Royal Palaces' gas reduction objectives, enabling instant savings while maintaining the historical significance of the property.

Sabien said the deployment was the second instance of M2G Cloud Connect within Historic Royal Palace properties, following its implementation at the Tower of London.

“The Green Agenda is evolving - technological applications, such as M2G Cloud Connect, are now being deployed in settings which, only recently, would not have been considered capable of achieving efficiencies,” said executive chairman Richard Parris.

“Thus, managing the energy transition need not be the preserve of the new build but can be effected in almost every part of the built environment.

“While the revenues from this installation will not substantially impact revenues in the current financial year, Sabien and M2G are pleased to be working with Historic Royal Palaces in this regard.”

At 0852 GMT, shares in Sabien Technology Group were up 2.35% at 8.7p.

Reporting by Josh White for Sharecast.com.


News Source: © 2024 Web Financial Group (UK) Limited. All rights reserved and terms of use apply.

Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news and we may not share the views of the author or publisher. We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

The value of investments can fall and you may get back less than you invested.

 

Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

The value of investments can fall and you may get back less than you invested.