A project that saw network losses reduced by 68% at a 115-flat development in London has scooped a prestigious industry award.

The project to improve efficiency at Octavia Housing’s Elizabeth House development in Wembley saw energy consultancy FairHeat appointed to diagnose and analyse efficiency on the network, and oversee improvements.

The project has now won the Consultancy Project of the Year at the Association for Decentralised Energy (ADE) Awards 2016 after FairHeat helped to deliver a 68% reduction in network losses.

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As a social housing provider, Octavia Housing wanted to ensure the lowest possible tariff for tenants, while guarding against network inefficiency.

Thanks to the improvements made to the network by FairHeat, residents’ heat tariffs were significantly reduced.

Gareth Jones, Managing Director at FairHeat, said: “We set up FairHeat in 2015 and it is a tribute to the hard work of our team and the high quality of our projects that we have won this award in our first year of operation.”

The company hoisted the prize at a glittering awards ceremony at the Natural History Museum on Wednesday, November 23.

Part of government funded project with Guru Systems, FairHeat carried out improvements on site based on real-world data.

The improvements made by FairHeat fed into Guru Pinpoint, a web-based analytics tool that allows operators to remotely diagnose inefficiency on a network and see costed measures for improvement.