The company has won the contract to construct two energy centres to provide heat, cooling and power for the Olympics and the thousands of homes planned for the site follolwing the games.
One will be sited in the west of the Olympic Park and the other within the new Stratford City development – a 4,500 home scheme including shops, offices, schools and community facilities.
Elyo will also install 16km of pipework to supply heating and cooling through Community Energy Networks.
As part of thje 40-year concession Suez will invest £90million in the centres and infrastructure, but will recover this by holding the long-term operation rights.
David Higgins, chief executive at the Olympic Delivery Authority, said: “The contract with SueZ Energy Services is a significant achievement and shows the power of the 2012 Games to generate substantial private sector investment into the Olympic Park and the long-term regeneration of the Lower Lea Valley”.
The use of Combined Cooling, Heating and Power (CCHP) is expected to provide 75 per cent of the electrical power consumption needed by the Olympics which should equate a 20 per cent reduction in carbon emissions.
Jérôme Tolot, SUEZ Energy Services chief executive, said: “Providing energy and environmental efficiency is at the heart of our business and these energy centres will utilise ‘best in class’ technologies to achieve exemplary environmental performance and provide cost effective heating and cooling.
“With this 40-year concession our subsidiary Elyo is demonstrating a long term commitment to providing an innovative and sustainable solution to the East of
The Energy Centres will include a CCHP plant that simultaneously produces heating, cooling, and electricity and will also be equipped with biomass boilers using sustainable fuels and natural gas to generate heat.
Construction of the Olympic Park’s energy centre will begin later in the summer to coincide with the start of work on the main venues in the Olympic Park.
The Energy Centre designed by John McAslan & Partners are to be made as flexible as possible to allow future technologies to be used within the centre as they are developed in years to come.
It is also hoped to establish a visitot centre at the Energy Centre to showcase the use of low carbon technology.