Flexibility could deliver up to £16.7 billion in savings per annum in 2050 according to a new report from the Carbon Trust.
Unleashing 400 milestones for reaching net zero by 2050, the International Energy Agency (IEA) has warned that "the world has a huge challenge ahead of it".
Electrolyser capacity is set to increase from 0.2GW worldwide today to 213.5GW by 2040, a thousand-fold increase, according to Aurora Energy Research.
The government has announced over £30 million of investment for battery technology, the electric vehicle supply chain and hydrogen vehicles.
If the UK is to reach 100% renewables at the lowest cost, it will need 49.5GW of flexibility from both storage and gas, according to research from Wärtsilä.
The government has set out a blueprint to switch 20TWh of the UK industry’s energy supply from fossil fuel sources to low carbon alternatives, as part of its £1 billion Industrial Decarbonisation Strategy.
An inquiry into the role battery and fuel cell technologies will play in the UK’s path to net zero has been launched by the House of Lords Science and Technology Committee.
Chancellor Rishi Sunak unveiled the eagerly anticipated Budget this afternoon, including support for a “world-first” infrastructure bank and at least £15 billion in green bonds.
Last year was Britain’s greenest yet, with renewables generating more power than fossil fuels for the first time according to a new report from Drax Electric Insights.