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The Queen’s Quay regeneration project in Clydebank will be delivered by Vital Energi
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The process uses pyrolysis to create biochar and capture carbon dioxide from the air
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The Swedish power company currently owns 74.9% while the city holds a 25.1% minority stake
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It will provide hot water and heating to existing buildings and new developments
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The competition watchdog believes customers on heat networks have less protection if things go wrong
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Finance will be provided for large-scale projects that are scheduled to start development in 2019 or 2020
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The project is expected to deliver savings of between 10% to 25% per year on energy bills as well as reduce carbon emissions
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