Pennon Group Plc (PNN) Q2 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.676 Good morning, I'm Susan Davey, Chief Executive of Pennon. 00:00:03.676 -- 00:00:06.079 Welcome to our half-year results presentation for 2023-24. 00:00:06.079 -- 00:00:11.307 Today, we're at a brand new state-of-the-art research centre here 00:00:11.307 -- 00:00:15.773 in Exeter, a joint venture between ourselves and the University, established to investigate 00:00:15.773 -- 00:00:19.198 and explore solutions to issues we find in the natural environment. 00:00:19.198 -- 00:00:23.003 We have recently opened the doors to the first project, so the pipeline is ready to come 00:00:23.003 -- 00:00:26.608 through, helping us tackle the most pressing challenges in the environment and the water 00:00:26.608 -- 00:00:31.402 cycle, right here, right now. We're all excited about the joint venture, a first of a 00:00:31.402 -- 00:00:35.509 kind in the UK, and every thought has gone into what it will achieve and how we will 00:00:35.509 -- 00:00:40.377 work. Even down to the building design. As we look outside, you'll see the representation 00:00:40.377 -- 00:00:45.065 of the importance of water flowing over earth with circular windows reflecting rising 00:00:45.065 -- 00:00:50.033 air bubbles. It was also important to ensure we had an example of a living net zero building 00:00:50.033 -- 00:00:54.179 in operation, which we have achieved through a combination of air source heat pumps, 00:00:54.179 -- 00:00:57.884 high thermal efficiency panels, solar panels and LED lighting. 00:00:57.884 -- 00:01:02.772 Inside the Centre for Resilience in Environment, Water and Waste, or CRWU for short, 00:01:02.772 -- 00:01:07.419 we are bringing together the best minds from across the disciplines of geography, biosciences, 00:01:07.419 -- 00:01:12.405 engineer...