Wates Sustainable Technology Services acts as an innovation broker to select suppliers of market-ready, low carbon sustainable technologies from applicants to its innovation competitions.
Each supplier is then screened against robust criteria, with finalists given the opportunity to pitch their innovative technology to a judging panel, in the style of a ‘Green Dragons’ Den’ style pitch.
Standard Chartered Bank joined the judging panel in 2017, alongside experts from Wates Smartspace and other leading organisations. Following the pitches, four technologies were identified to take forward and pilot in a live environment, with the potential to be rolled-out across Standard Charted Bank’s entire property portfolio
Standard Chartered Bank has implemented a range of technologies at its London headquarters, actively contributing to energy and water efficiencies:
Waterblade – a tap insert that shapes water flow into a ‘blade’ of water as wide as your hand – it is already saving at least 50% water in around 130 handbasins
Halcyan Water Conditioners – offering a solution to the problem of limescale build-up which can waste energy and lead to heater replacement, at a cost of approximately £3k a time
Endotherm – a non-corrosive energy and gas-saving additive that is introduced into the heating system to reduce water surface tension. This can improve heat-transfer rates and efficiency, saving between 10-15% on fuel bills
Magnatech – a high-performance fuel-conditioning system that alters the molecules of gas entering boilers, further improving efficiency by 6-10% and cutting costs.