Dulas Ltd’s Post

Lots of good words, fine promises; reduces energy costs to consumers and a carbon free grid by 2030. How this matches with the the following statement is very unclear, at least to me! "Great British Energy will seek to generate publicly‑owned revenue to reinvest into future energy projects, creating further benefits for the U K taxpayers, billpayers and communities. This means investing in and owning clean power generation assets – particularly in less developed technologies that can help power our clean energy future, like floating offshore wind and carbon capture." The 'less developed' technology of floating offshore wind is probably the most expensive way to generate electricity yet invented. The only way this will generate revenues to GBE is if some other part of the Great British State is paying massive subsidies to support it. The left hand will take the monies handed out by the right (Is that the role of the new Wealth Fund?)! It looks to me like a monumental card house, which will collapse when the wind stops blowing, during a cold winter spell, and the UK no longer has the necessary baseload power generation facilities to keep the lights on. To avoid this the focus should be on nuclear, with gas as the fuel of transition.

I've been finding it incredibly refreshing to see Department for Energy Security and Net Zero making some ambitious announcements regarding GB Energy plans. In my corner of the world, many are relieved that at long-last, structural barriers are being replaced with a supportive policy environment. Yet from speaking to people, a surprising number have met headlines with scepticism... seeming to think that net zero plans are 'going too far'... so to address some of those concerns, with some high-level geeky numbers... We are reaching records with avg. 50% renewable energy in Q1 this year. This is great, but that's at a time when the electrification journey is just beginning: - 75% of homes are still reliant on gas heating. 55k heat pumps were installed in 2022, the government targets see that rise to 600k per year by 2028. - We've just passed 1.15m EVs on the roads, of a total 41m licensed vehicles. - 1.39m households have home solar of a total 30m (GB). * All government data sources, I've rounded for ease. According to a report by Ecotricity, if all 65% of homes that are suitable for solar were covered in panels, that would generate a further 13% of current demand. In other words, we have a long way to go to reduce our reliance on burning stuff for power. Rooftop solar is not the full picture. This journey will bring jobs, growth, technological advancement, and of course most importantly, mitigate climate impact. We've got to manage land-use and ecology impacts with sensitivity, and consider supply chain - but these are factors the clean energy industry takes serious account of, in my experience. Proud to be part of a team that is innovating in this area.

🚀 Exciting times to be in the energy sector! 🌍 Today, the Prime Minister and Energy Secretary announced a ground breaking partnership between Great British Energy and The Crown Estate, set to drive up to £60 billion in private investment towards energy independence. Great British Energy, backed by £8.3 billion, will be at the forefront of making Britain a clean energy superpower. This initiative will invest in clean power projects across the UK, including nuclear energy, ensuring that the benefits are felt by British communities and bill payers. Key highlights: - Nuclear Energy: Investing in safe and sustainable nuclear power as part of the clean energy mix. The UK currently operates 8 nuclear reactors, contributing significantly to the country’s electricity supply. New investments will focus on expanding this capacity to ensure a stable and low-carbon energy source. - Offshore Wind Development: Aiming for 20-30GW of new offshore wind by 2030, enough to power nearly 20 million homes. - Public Sector Role: Early development work to reduce risks for developers and accelerate project timelines. - Technological Boost: Supporting innovations in carbon capture, hydrogen, wave, and tidal energy. Legislation is already in motion to empower this partnership, marking a significant step towards clean power by 2030! 🌱💡 #UKEnergy #RenewableEnergy #NuclearEnergy #GreatBritishEnergy #GreatBritishNuclear

Some initial clarity on the ambitions of #GreatBritishEnergy, which is planning to do all (!) of the following:   • Develop onshore and offshore #renewable projects, including higher-risk technologies such as floating offshore wind and carbon capture   • Own, manage and operate projects   • Support community energy projects by delivering a Local Power Plan   • Coordinate with Great British Nuclear, the National Wealth Fund, the Crown Estate, trade unions, Local and Combined Authorities and the UK Infrastructure Bank     • Invest in the energy supply chain and port infrastructure   • Create thousands of good jobs with good wages   • Save families money on electricity bills   That's an ambitious list of targets for a new entity with less than £10bn in funding over 5-years, and I would expect to see GB Energy making tough choices about what to prioritise in the coming years. Voters overwhelmingly backed GB Energy, with 73% of voters thinking it would be good for the country, but whether the organisation can live up to those expectations remains to be seen   Recently renewable investments have not been struggling to raise financing, but the supply chain is under strain and a lack of coordination between agencies has been a drag on renewable energy deployment in GB. I think the industry would be more excited to see GBE focused on supply chain and regulatory bottlenecks than deploying its limited funding for projects which have ready access to private capital We will be following all these developments closely! Aurora Energy Research Poll taken from: https://lnkd.in/exYKiPyh

Great British Energy announcement changes NOTHING for 2030 I don't understand why Department for Energy Security and Net Zero have to claim this announcement is positive for meeting 2030 renewable targets... I can't see anything in this document that changes the situation. “deliver up to 20-30GW of extra seabed licenses to market by 2030” - so what? Crown Estate has 93GW of offshore wind in the pipeline already... we can't move for seabed licenses, it's the financing that is an issue (see chart in the comments). The only clear route to meeting 2030 targets for renewables are the Contracts for Difference rounds, and there is no mention of changing the budget or other parameters for the upcoming round. This news is great for new tech, nuclear and local communities LONG TERM. Please don't mislead expectations for 2030. PS - focus on your removal of onshore red tape - that is where the extra capacity lies! #Greatbritishenergy #CFD #offshorewind

📣Just announced - founding statement of Great British Energy. This new document sets out the role of GBE, including: ✅Project investment and ownership ✅Project development ✅Local power plan ✅Supply chain ✅Great British Nuclear 🔎See if you can spot the reference to our Hub in there too!

I'm almost entirely supportive of the measures announced today for Great British Energy. Broadening our clean (renewable & nuclear) energy infrastructure portfolio seems like a sensible investment for our national energy resilience. My only concern is the use of more public funds for investment on Crown Estate land. Yesterday it was announced that the sovereign grant issued to the monarch will increase by £45m this year, largely as a result of profits from offshore wind farms (the king receives 12% of the Crown Estate's net profits). I would like to see the new government demonstrate real change by turning the page on this outdated system of land and sea ownership. It utterly undermines the social equity benefits that should come from publicly-owned renewable energy. #greatbritishenergy #offshore

With today’s launch of Great British Energy, as part of the UK's biggest generator of zero carbon electricity and as a major employer and investor in the UK, EDF Renewables welcomes the new Government’s focus on clean power. We support their ambitions to build more low-carbon electricity infrastructure and their commitment to strong economic growth. Expanding renewables and nuclear, and removing the barriers stalling clean power projects, are critical to delivering the Government’s mission for 2030 and beyond. We welcome the Government’s pledge to work with industry stakeholders and look forward to working with Government and Great British Energy on accelerating progress and helping Britain to achieve net zero.

While GB Energy generally sounds like a good idea, and Ed Milliband is really pushing the pace, demand reduction has yet again dropped off the agenda. What happened to Labour's promise to insulate 23 million homes? How are we going to eliminate fuel poverty? Better performing buildings, with all the additional benefits that brings, is the only sure way of eliminating fuel poverty and adapting our buildings for more extreme weather patterns. The UK has the worst housing stock in Europe, let's fix that. #retrofit

Another leap forward for #NetZero in the UK as the Department for Energy Security and Net Zero announces new partnerships for Great British Energy. What do you make of the new announcements outlined below? Do you have any concerns or see some cornerstone benefits? How can they ensure businesses across the board benefit from new initiatives more so than in the past? Eager to hear your thoughts on the decisive (occasionally devisive) new direction for the UK's #NetZeroJourney! #Business #SMEs #Renewables #Imports #CircularEconomy #ScotlandIsNow #ClimateResponsibility #SustainableSupplyChains