RES to double workforce after landing Hungarian deal

From The Sunday Times
August 17, 2008
The renewables firm is linking with Budapest-based Thermo KFT
John Penman

A Stirling-based renewables company is to double its workforce after tying up an innovative collaboration agreement with a Hungarian-based design team
Renewable Energy Scotland — which designs, supplies and installs heating systems that convert low-level energy stored in the ground, air, and water into heating and hot water — is linking up with Budapest-based Thermo KFT to gain access to its team of designers.
RES, based in Stirling University’s Innovation Park, is close to completing a new round of investment funding. Thermo KFT already works with major European companies including Deutsche Telekom.
“They are one of the best in Europe, where these systems are much more common than in the UK,” said RES managing director Harry Burt.

The move will allow RES to sign larger commercial contracts. The company has so far mainly focused on installing systems for houses, although it is working on a hotel project in the east of Scotland.
Ground, air and water pumps are popular in Europe, especially in Scandinavia, because they can create three times the amount of energy it takes to run the machines and they have very little impact on the environment. They can also cut energy bills dramatically.