New technologies such as battery storage and solar could “inspire a new industrial revolution” and save the manufacturing sector at least £540m on its energy bills. That is according to a new report from Centrica Business Solutions, which covers the UK’s major manufacturing activities such as steel, mining, car manufacturing and food & drink. Vast savings could be made be technologies such as new heating and lighting, solar, combined heat and power (CHP) and battery storage, the report claims. Meanwhile, the UK’s productivity could reportedly be boosted by £12.9bn if just half of manufacturing firms took up energy technology improvements.
Edie 24th Sept 2018 read more »
This year, emerging markets will overtake developed nations in terms of the amount of renewable wind and solar power they have installed, according to Moody’s, the credit rating agency. In the decade to 2016, the amount of solar power generated across the world has risen by 50 per cent, while wind has increased by 22 per cent, according to BP’s annual review of world energy. While developed economies have been leaders in the development of renewable power, much of the recent momentum has come from developing nations – and from China and India in particular, which are now the biggest and the third-biggest renewable electricity markets, respectively.
FT 25th Sept 2018 read more »