The UK’s Energy Transition is Here: How Can Energy Innovation Futureproof your Business?

Time: 10:30 - 11:00

Date: Day 1 - 22nd November 2017

Theatre: Renewables, Supply and Storage

Synopsis

In this session Richard will talk through the key energy technologies impacting UK businesses and why your business should be embracing change. With non-energy costs continuing on an upward trend and policy regulating our future emissions, now is the time to take action. In January 2017, as part of its commitment to reduce industrial energy costs and decarbonise the UK economy, the Government committed £28 million to energy innovation projects. That, and many other statistics show just how fast the pace of innovation is moving at. Ofgem figures suggest innovation by energy networks has already enabled close to £1bn of cost savings between now and 2023. Clearly then, innovation can mean huge wins for business. But, the Grantham Institute (GI) suggests 13 of the UK’s 15 largest industrial sectors are less effective than global competitors at low carbon innovation.

 

Speaker

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