24.06.2024
Electrify Industry is the new body representing businesses seeking to decarbonise our industrial base through electrification.
We recognise that hydrogen and CCS will play an important part in that process but, for many businesses, electrification offers the most sensible and sustainable method of decarbonisation. To get the most out of the opportunity within the energy transition, there are a number of hurdles that need to be overcome:
- Internationally competitive electricity prices. Ensuring the long-term international competitiveness of UK industry by getting to grips with UK energy costs today; allowing UK industry to harness the best in decarbonising technologies and grow the economy.
- A domestic level playing field for support for decarbonisation options. Providing a level and fair playing field for industry as they seek to do the right thing and decarbonise our economy, develop the vital technologies of tomorrow and ensure the UK does not suffer a regrettable, regressive and entirely avoidable mass de-industrialisation in the years to come. Failure to do so will contribute to excessive operational expense costs to UK businesses, their customers and, eventually, the wider economy. Electrification must therefore have comparable business models offered to the other decarbonisation options.
- Optimising electricity Grid connectivity. Working to ensure that when businesses want to decarbonise and move to an electrification solution there are the Grid connections required to facilitate this and are able to create flexibility for the Grid through onsite renewables electric and thermal storage.
- Developing a UK supply chain for industrial electrification. We can grow our industry and we can ensure that more of the strategically vital tools to help with the energy transition are available in our own market
- Investment in skills. The transition to electrification provides the opportunity to harness our world leading education and skills sector and ensure that industrial jobs work for the generation currently making that transition and those yet to come into the industry.
- Prioritise research and innovation. Finally, the UK must exploit its world class academics and innovators to provide the expert knowledge needed to innovate, create and grow.