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. 
Firms in the UK are gearing up for the energy transition
UK 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
Figure 1. Most firms lean positive in their confidence that the UK government will decarbonize domestic electricity supply on schedule
Figure 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

About the Authors

Isobel McPartlin

Isobel McPartlin

Analyst

Isobel is an Analyst in the Verdantix Net Zero & Climate Risk practice. Prior to joining Verdantix, she completed an MSc in Environment Politics and Society at UCL, specia…

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Ryan Skinner

Ryan Skinner

Research Director, Net Zero & Climate Risk

Ryan is the Research Director for the Verdantix Net Zero & Climate Risk practice. He guides the research team to develop compelling research at the intersection of net zer…

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