Posted on: 25/04/2017
Six trade bodies have written to Business & Energy Secretary Greg Clark to focus the UK Government’s industrial strategy on low-carbon technologies.
The signatories highlighted how renewables could prevent the UK becoming reliant on imported power and on inflationary pressures from fuels such as natural gas.
The letter called for:
- a “robust assessment” of the UK’s energy needs and how they could be met alongside its carbon dioxide-reduction targets;
- assurances the energy market will remain competitive;
- the opening of the energy market to smart technology;
- market reforms to encourage energy storage;
- support for research and development;
- and support for the “bio-economy”, especially in the heat and transport sectors.
The letter was signed by the heads of the Electricity Storage Network, Regen, the Renewable Energy Association, RenewableUK, Scottish Renewables and the Solar Trade Association.
£1bn for technology
Meanwhile, Business Secretary Greg Clark has unveiled £1 billion over the next four years from the Industrial Strategy Challenge Fund.
The cash will fund six areas, including “batteries for clean and flexible energy storage”.
A total of £246 million will be available over the period through the “Faraday Challenge” to “ensure the UK leads the world in the design, development and manufacture of batteries for the electrification of vehicles”.