Britain’s five gas networks companies have today outlined plans to spend more than £900m on zero-carbon energy infrastructure and hydrogen deployment across the UK, subject to Government approval on funding. Cadent, National Grid, NGN, SGN, and Wales & West Utilities have today (28 May) a Zero Carbon Commitment package, calling for £904m in investment to spur the UK’s economic recovery from the COVID-19 crisis while helping the UK reach its net-zero target. If approved, the spending would focus on projects across Britain between 2021 and 2026, under the RIIO-2 price control. The gas networks claim that spending could help the UK use “blue hydrogen” developed from carbon capture and storage projects, and “green hydrogen” from renewable electricity – with the latter becoming cost-competitive by 2030.
Edie 28th May 2020 read more »