Soft Market Testing for Heat Network Zone Developer

CITY OF LONDON

There is 1 contract in this contracting process.

Summary of the contracting process

The City of London Corporation is currently in the planning stage for a soft market testing initiative aimed at assessing market interest in developing a zonal scale heat network within the Square Mile, alongside potential partnerships to deliver wider energy system decarbonisation measures. The initiative falls under services related to the oil and gas industry and covers the entire Square Mile in London, UK. The proposed soft market testing is essential prior to possibly launching a formal open tender process. A key date to note is 1 January 2025, when a future notice may be issued. The decision to move forward with a competitive tendering process will depend on forthcoming regulations and legal frameworks concerning heat network zoning.

This tender can create significant opportunities for businesses specialising in low-carbon energy systems and infrastructure development. Companies capable of forming strategic partnerships to innovate and deliver decarbonisation measures would find this opportunity particularly advantageous. With an estimated investment of over £1.2 billion required to decarbonise more than 1,000 GWh/year of heat across 1,200 buildings, there is substantial potential for market participants to engage in high-value projects. The City of London Corporation's involvement in the Department for Energy Security and Net Zero's Advanced Zoning Programme underlines the scale and ambition of this initiative, making it a lucrative opportunity for businesses in the energy sector.

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Planning

Soft Market Testing for Heat Network Zone Developer

CITY OF LONDON

Contract Timeline

Publication Date

2nd August 2024 10:48:33 AM
Contract Summary

Soft Market testing Prior to considering whether to commence a formal open tender process, the City Corporation wishes to establish the level of market interest in a zonal scale heat network development within the Square Mile and potential partnerships to deliver wider energy system decarbonisation measures to address the priority areas identified in the CoL LAEP. This activity does not, however, commit the CoLC to running a competitive tender process in the future. The decision to run this process will be made when further information is available on the heat network zoning regulations and the forthcoming legal regime. Assuming the entire Square Mile becomes a heat network zone, the City Corporation wish to explore through this Soft Market testing the market interest in participating in a future competitive process which may allow for future zoning rights to be awarded for developing heat networks within this future zone.
Contract Details

Open Contracting ID

ocds-h6vhtk-048717

Publication Source

Find a Tender Service

Procurement Stage

Planning

Procurement Method

N/A

Procurement Method Details

N/A

Procurement Category

Services

Tender Suitability

Framework / DPS
Contract Classification

CPV Code(s)

76000000

CPV Division(s)

76 - Services related to the oil and gas industry
Awarding Authority

CITY OF LONDON

Buyer Name

Onika Syeda

Buyer Email

Onika.Syeda@cityoflondon.gov.uk

Buyer Phone

+44 2076063030

Buyer Address

Guildhall

London

EC2P 2EJ

United Kingdom

View contract on Find a Tender Service

Soft Market Testing for Heat Network Zone Developer

CITY OF LONDON

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority