07 December 2020
Following the launch of two important Government initiatives to help the UK meet its 2050 net zero ambitions, Vattenfall Network Solutions welcomes the plans around greater uptake of electrical vehicles (EV), but says major investment in high-voltage (HV) infrastructure will be crucial in meeting these ambitious goals, with much of this reliant on the private sector.
Launched in November 2020, the Prime Minister’s 10-point industrial plan for a Green Revolution and the newly launched National Infrastructure Strategy, outline how the Government plans to increase the uptake of zero emission vehicles and reduce the barriers for drivers considering the switch to EVs.
The transport sector accounted for 28% of domestic emissions in 2019 and reducing emissions is key to achieving the UK’s net zero target. The government’s plans include investing £950 million in future proofing grid capacity along motorways and key A roads and a commitment of £90 million to fund local EV charging infrastructure to support the roll out of larger, on-street-charging schemes.
Stewart Dawson, Managing Director of Vattenfall Network Solutions UK, comments:
“We stand ready to support businesses that want to play a part in the Government’s ‘Green Revolution’ and the EV transition goals by 2030. To get there, it's vital that UK plc upgrades and invests in its Private Wire Networks and HV energy infrastructures without delay.
“In the current economic conditions, this may be challenging. However, alternative financial models can help to accelerate the low carbon transition. Our own Power-as-a-Service (PaaS) solution is one such ‘enabler’ which can provide essential investment capital to fund building, ownership and operation of new and existing electrical infrastructure, so that businesses can focus their cash reserves and resources on their core business.
“Under Power-as-a-Service a third party takes full responsibility for the business’s electrical needs by investing in their networks and managing all compliance, regulatory and environmental issues.
“For anyone wanting to explore this route we urge you to download our free White Paper on PaaS to see how this could benefit your organisation.”
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