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.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 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
Analyst
Isobel is an Analyst at Verdantix, where she supports corporate decision-makers in navigating the energy transition through research on emerging energy solutions and net zero ...
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Ryan Skinner
Research Director
Ryan is a Research Director at Verdantix, where he leads a team of analysts delivering research, data and advisory services that help clients navigate the fast-evolving landsc...
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