Ofgem has announced a Strategic investment Fund to help unlock Net Zero, with around £450 million to be invested in energy network innovation from 2021-2026.
Dan Clarke, Head of Innovation at Energy Networks Association which represents the UK and Ireland’s energy networks businesses said:
"Energy networks are unlocking Net Zero, helping customers connect low carbon technologies and solutions and preparing for the switch from natural gas to a hydrogen future. We have the most flexible and innovative energy networks in the world and Ofgem’s £450m Strategic Innovation Fund will help keep Britain at forefront of the global race to Net Zero."
About Energy Networks Association
We’re the industry body for the energy networks. Our members own and operate the wires and pipes which carry electricity and gas into your community, supporting our economy. The wires and pipes are the arteries of our economy, delivering energy to over 30 million homes and businesses across the UK and Ireland. To do this safely and reliably, the businesses which run the networks employ 45,000 people and have spent and invested over £60 billion in the last eight years.