Market Insight: UK Energy Transition In Focus
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Executive Summary
UK firms are working to align with the country’s energy transition goals, despite uncertainty around the national pace of delivery. They are shaping their business cases for new power sources and solutions around the need for operational resilience, exposure to volatile energy costs, decarbonization objectives and rising opportunities from grid flexibility. In particular, businesses are increasing investment in both on- and off-site renewable energy. The Verdantix commercial and industrial energy transition survey of 52 UK firms reveals a private sector increasingly focused on long-term competitiveness through cleaner, more reliable and cost-effective energy strategies.
Table of contents
Firms in the UK are gearing up for the energy transitionUK firms view the energy transition as a hedge against rising prices and future risks
Energy use in the UK is rising; firms respond with increased renewable investment
Future energy systems of the UK will focus on security, flexibility and decarbonization
Global corporate survey methodology
Table of figures
Figure 1. Most firms lean positive in their confidence that the UK government will decarbonize domestic electricity supply on scheduleFigure 2. Operational resilience is the most important consideration when making a business case to support the energy transition
Figure 3. Firms' future investments in energy systems will focus on decarbonization, grid response and energy security
Figure 4. Respondents come from a mix of industrial and commercial job functions
Figure 5. Respondents come from six industries across commercial and industrial market segments