Renewable energy firm wins lucrative bank house contract

Aug 12, 2022 | Clear Climate Press Releases

One of the North East’s fastest growing renewable energy firms has secured a lucrative contract with a prestigious city centre commercial property development.

Clear Climate in Peterlee has been chosen to supply air conditioning systems for the £100m Bank House project in Newcastle’s Pilgrim Street.

The company, founded by directors Andy Smith and Lee Peachey in 2017, will install 26 systems consisting of 300 indoor units throughout the building, which is due for completion early next year.

The win is significant for Clear Climate and comes at a time when the company is in the running to secure several six and seven figure contracts for both commercial and residential property projects in the North East.

Clear Climate also recently surpassed the £5m turnover mark, which was the target for the end of 2022.

Lee Peachey said: “This contract win to supply, install and commission the air conditioning systems for the Bank House development is huge for us.

“Our business was founded as an air conditioning company, and while in recent months the focus has been on the growth of the renewables sector and air source heat pump installations, this contract demonstrates our strength within this area.

“Bank House is the biggest commercial development project on the go in our region so to be playing a part in it is fantastic and really highlights how far we’ve come as a business in a relatively short space of time.”

Bank House is a £100m project being led by the Reuben Brothers and Ryder Architecture and will see the building converted into 12 floors of Grade A office space.

Clear Climate will supply, install and commission the air conditioning systems for the units which are being created within each floor of the building.

The company recently moved into a new facility at Fern Court in Peterlee, which as well as office space for the team also includes a training academy, where the next generation of engineers can be trained.

Andy Smith added: “Being awarded the works for such a high profile commercial property development really highlights our capabilities within the air conditioning sector and is something we’re looking to continue to invest in.

“It’s an exiting time for the business and we know if we’re to achieve our targets of becoming a £10m turnover company, the growth of both arms of the business is vital.”

Clear Climate works with businesses and organisations including Durham County Council, Bellway Homes, Tolent, Darlington Borough Council and Barker and Stonehouse.