Britain's creaking power grid leaves green energy revolution adrift
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2024
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Source: reuters
- Wightlink's Electric Ferry Plans: British ferry operator Wightlink aims to order a $60 million electric ferry to reduce emissions, but faces delays due to power upgrade requirements.
- Decarbonizing Maritime Transport: The UK government emphasizes decarbonizing maritime transport to achieve net zero emissions by 2050, with domestic maritime vessels contributing significantly to greenhouse gas emissions.
- Challenges in Grid Connections: Long waits for grid connections and planning obstacles are hindering green transport investments, risking millions of pounds in sustainable transport initiatives.
- Political Landscape and Renewable Energy: The upcoming general election in the UK highlights challenges in delivering renewable energy infrastructure needed for electric ferries, cars, and heating systems.
- Grid Infrastructure Development: Britain needs to expand its high-voltage network to accommodate electricity from renewable sources like wind farms, facing challenges in regulatory approvals and planning laws.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
