The Maldon-based company is a pioneer of sustainable plant equipment and will use the funding to de-carbonise diesel powered machines into hydrogen fuel cell-powered equipment.
The modular construction of the TCP Ecolite creates this unique sustainable opportunity to re-life equipment, underlining the sustainable ethos of the business. TCP Group can deliver cost-effective and energy efficient plant solutions to its customers. The machines release zero emissions at their point of use.
TCP Group has endeavoured to deliver greener solutions since the company was founded in 1989, supplying compaction equipment designed to use ‘as dug’ materials for trench backfill, thus reducing import fill transport and supply costs, and reducing spoil going to landfill.
The business employees more than 60 people and has offices across the UK. TCP Group division TCP-Eco is a dedicated research and development team responsible for creating sustainable zero emission equipment for the construction industry, which is one of the UK’s largest emitters of carbon emissions
Andrew Barker, Managing Director at TCP Group, said: “When the UK was in full lockdown a few months ago, emissions across the country plummeted. As a result, we now have a ‘clean air’ benchmark, against which we can measure as we all work towards the UK’s net-zero targets.
“We’ve been seeing a huge drive from our customers and the wider construction industry for more sustainable plant equipment alternatives, so we’re continually responding to that.
“This funding will play a crucial role in our journey to a greener future and we’re thankful to Lombard Asset Finance for its continued support since the beginning of our journey. Indeed our founding equipment purchase was financed by Lombard back in 1989.”
Ashley Hutchings, Senior Relationship manager at Lombard Asset Finance, said: “There aren’t many other businesses in the construction sector that are working as hard as Andrew and his team to make their equipment fully sustainable. The time and resources they continue to put into research and development is really commendable and it’s excellent that we’ve been able to support the firm on its investment ambitions.”
