The energy sector has criticised the lack of focus within the Spring Budget on the development of renewables, energy efficiency and infrastructure, despite some technology support.
“Education isn’t the biggest challenge facing the industry or wholesale prices, it is that there aren’t enough network constraints yet,” said Jo-jo Hubbard, co-founder and CEO of Electron.
The UK is to host what’s been described as the world’s largest, most ambitious energy flexibility market trial, part of two separate energy pilot projects launched today.
Electron is to develop flexibility trading platforms in Switzerland and South Korea as the energy blockchain specialist expands its smart platform technology into international markets.