Despite the strong progress that the business world has made in driving the renewables revolution in recent months, a new survey of 1,000 UK-based utility decision makers has revealed that more than a quarter (27%) believe that renewable energy is “just a passing trend”. The research, carried out by business electricity supplier Haven Power, found that the most common barrier to adopting long-term renewables targets was the cost of procuring renewable power. In total, 37% of respondents cited immediate expenditure as a business barrier. Almost a quarter (24%) cited a lack of government support as a key challenge to renewables uptake. In recent years a plethora of cuts to subsidies and feed-in-tariffs (FITs), combined with the closure of Renewables Obligation (RO) applications, has dampened business appetite for purchasing renewables. The third largest barrier, cited by 23% of respondents, was found to be uncertainty on how best to engage senior management in discussions about clean energy sourcing. Haven Power’s chief operating officer Paul Sheffield said it was “concerning” to find that such a high proportion of utility decision makers still view renewable power as a “fad” in the face of climate challenges.
Edie 14th Aug 2018 read more »
The UK Government has today confirmed its long-term support for Energy Systems Catapult’s mission, with the Chancellor announcing a funding commitment for the next five years. In announcing a £780m investment for six of the UK’s internationally renowned Catapult network, this long-term investment will allow them to expand their support for businesses wishing to innovate and invest in R&D, and should see industry invest well over £1.5bn in R&D alongside the Catapults over the next 5-years, with the ambition to raise investment in R&D to 2.4% of GDP by 2027. Energy Systems Catapult is helping to deliver the Clean Growth Grand Challenge within the UK Industrial Strategy.
Catapult 10th Aug 2018 read more »