Thames Water has appointed a new Director to its Executive team to expand its renewable energy business and open-up more green spaces for customers to enjoy across London and the Thames Valley. Tony Vasishta will start on July 6 as CEO of Ventures, a new business unit that will unlock further benefits to its customers, communities, and the environment. Opportunities include solar power, energy storage, harnessing the heat from the waste network to provide clean energy, driving value from the estate and creating new outdoor public spaces, like the award-winning Walthamstow Wetlands in East London.  Sarah Bentley, Thames Water CEO, said: “Thames Water is already the largest producer of renewable energy within the water industry and we have some very exciting opportunities to grow this business in the coming years, helping us achieve net zero by 2030. “I’m delighted Tony Vasishta will be joining the Executive team to grow our renewable energy and property ventures, and open up new green spaces for our customers to enjoy. He has a successful track record of starting, creating and growing businesses from inception to maturity. His extensive track record and experience are just what we need as we look to develop our Ventures business and provide our customers with self-generated clean, green energy.”

Poo power, together with wind and solar, currently generates around a quarter of the company’s electricity needs, saving around £40 million in energy costs each year. The company is due to announce its roadmap to achieve net zero carbon emissions by 2030 in the summer.

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