Background

Joloda Hydraroll is regarded as the world’s leading loading and unloading solutions provider in the logistics industry, supporting businesses with manual, semi-automated, and fully automated systems. With over 60 years of engineering expertise, they have supported thousands of businesses streamline their logistics operations to be more cost-efficient, more sustainable, and more health and safety conscious.  

Joloda Hydraroll has always approached their ESG commitments as a core part of how they operate and continually review processes to identify opportunities to become even more efficient and sustainable. They have implemented a range of initiatives to reduce environmental impact, including reducing carbon emissions, switching to renewable energy sources, and introducing innovative waste-management procedures. Joloda Hydraroll not only prioritises sustainable responsibility but also champion social responsibility by ensuring fair labour practices, promoting diversity and inclusion and supporting our local communities.

As part of continuously improving sustainability practices, Joloda Hydraroll worked with Bluestone to finance a solar installation that now powers a quarter of their electricity usage.

Challenge

As a manufacturer who predominantly operates in the daytime, Joloda Hydraroll faced rising electricity costs. Their sustainability improvement plans also highlighted the need to lower operational carbon output. With their large roof space, Joloda Hydraroll knew that Solar PV would be the right energy solution for them to move forward with.  

Joloda Hydraroll was looking for a solution that would enable them to progress with the project without needing the significant upfront capital required, investment which could hinder their rapid growth and ongoing innovation projects. Their goal was to secure a long-term energy strategy that delivered real savings and greater predictability, while protecting internal cashflow.

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“Our loading solutions help our customers reduce energy usage and operate more sustainably, so it was important that we mirrored those values within our own operations. Bluestone made the move to Solar PV far more cash-flow efficient, allowing us to invest in cleaner energy without impacting our growth plans.”

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‍Julian Allen, Operations Director, Joloda Hydraroll

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Solution

Bluestone worked with Joloda Hydraroll to secure their renewable investment through a hire purchase facility that futureproofed the project while making sure it was affordable and the process was simple and efficient.  By spreading the cost with finance, Joloda Hydraroll was able to start using the solar panels for a quarter of their energy needs, without the costly upfront investment. Because of this, they were able to preserve cash for expansion while still immediately benefiting from reduced energy bills.

Joloda Hydraroll worked with Centreco, a DCC Energy business, who first used their modelling software to project system performance and expected savings from the solar project. Once the solar panels were installed, they showed to provide the expected savings the forecast predicted, giving Joloda Hydraroll confidence in the performance and long-term value of their solar investment.  

“For manufacturers like Joloda Hydraroll, Solar PV isn’t just a sustainability decision, it’s a business efficiency decision. By spreading the cost, they were able to lower their bills immediately without slowing their growth plans. Energy projects can be complex, but our goal is always to make the funding side simple and predictable. I was happy to be able to support Joloda Hydraroll throughout the journey so they could move forward with confidence.”

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‍Mark Johnston, Key Account Manager, Bluestone

Bluestone is committed to ensuring that our clients make informed financial decisions based on their requirements and always recommend that our clients seek independent financial advice from an authorised source before committing to any financial agreements.

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