Vayu Energy has launched a new initiative to allow energy users achieve cost savings.

The Vayu Energy Fund permits users to invest in energy related projects through upgrading dated facilities, machinery or technology across all areas of the business.

In recent studies the misuse of energy through poor energy management and lack of investment was found to be the greatest hurdle in becoming more energy efficient for many businesses, according to Vayu.

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Ciaran Gahan, Energy Efficiency Manager at Vayu, said: "This is a win – win for our customers as this fund will assist them in reducing their energy usage and provide them with the finance to achieve this reduction. Through the Vayu Energy Fund, we will work with our customers to identify appropriate measures to help reduce their energy costs. Customers are delighted with this product as it gives them access to finance which may not have been possible for them previously while ultimately working to reduce their overall energy costs."

(CD/MH)