£375m Energy Security Strategy sealed by government

£375m Energy Security Strategy sealed by government: The government has now reported it will invest £375mn in technologies that could help the UK’s independence with energy.

The plan contains £240 million to support the creation of hydrogen, £2.5 million of funding to expand next-gen nuclear technology & an additional £5 million in the way of research into carbon capture.

The announcement comes after the publication of the government’s Energy Security Strategy which was welcomed as well as criticised by chief industry voices.

“This investment will unlock the enormous potential of hydrogen, advanced nuclear reactors & carbon capture to level up the UK energy landscape and deliver for businesses and households.” Business and Energy Secretary Kwasi Kwarteng stated.

He added that high gas prices as well as Russia’s aggression in Ukraine displayed the need to sever the UK’s reliance on imported energy.

Minister Malcolm Offord, UK government for Scotland announced: “Funding for vital carbon capture research, including 3 projects in Scotland, will help us meet out ambitions for decarbonisation.”

David Smith, Chief Executive of Energy Networks Association also stated: “With millions of pounds invested, we are already preparing Great Britain’s networks for hydrogen & today’s news alongside yesterday’s Energy Security Strategy sets a clear direction for the UK delivering the technologies of tomorrow.

“The ambition is there from government & industry alike to create the energy system we need for net-zero.”

£375m Energy Security Strategy sealed by government

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