Energy is vital to the operation of millions of businesses in the UK. Ensuring it is reliably available, used efficiently and priced competitively is essential for a successful economy.
We believe distributed energy solutions could help users to use less energy, improve their performance, increase operational resilience, and access new revenue streams.
We’ve undertaken an estimate of what the economic impact to the UK could be if distributed energy solutions were rolled out across three key sectors; industry, healthcare and hospitality & leisure.
Distributed energy solutions present an opportunity for the UK to lead the world in supporting a new sector which encompasses energy, technology, innovations and services.
£18.5bn
GVA to UK
The ability to have greater control over their energy means that customers can now drive value for their businesses rather than it being a pure cost.
£980m
Reduction in annual energy costs
There are an increasing number of companies selling and installing energy solutions and providing advice and consultancy on energy management, creating new jobs and investment.
260,000
Jobs supported
With one of the most advanced energy systems in the world, the UK has an opportunity to become a global leader by ensuring British businesses provide the solutions to new markets overseas.
1.5%
Increase in economic output
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DownloadThe UK is a global leader in the fight against climate change, and has already cut emissions by 43 per cent since 1990.
The legally-binding Carbon Budgets set out an ambitious path to a 57 per cent cut in emissions by 2030, and ultimately at least an 80 per cent reduction in emissions by 2050.
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DownloadThe public sector could unlock more than £375m in cost savings every year by adopting modern energy technology.
The Government has announced £1.8bn of extra capital funding for the NHS. Investing a fraction of this in distributed energy technology would not only improve the resilience of trusts but would create long term savings that could be redirected towards new nurses, new infrastructure and protecting vital front-line services.”
Powering the Public Sector
The UK’s industrial sector could save at least £540m on its energy bills by adopting new energy technologies such as solar and battery storage.
"By exploiting the energy technology of the 21st Century, UK industry can inspire a new revolution which will boost economic growth and create jobs." Jorge Pikunic, Managing Director, Centrica Business Solutions
Powering the Future of Industry
UK businesses in the hospitality and leisure sector could save at least £310m-a-year on their energy bills by adopting new energy technologies.
"With the installation of these energy storage machines, we will be able to store the energy until times when we have a higher demand." Shaun Hawkey, The Olde House
Powering the Future of Hospitality & Leisure
The potential savings from distributed energy solutions across all non-domestic electricity consumption in London could be £398.8m.
This figure is based on a reduction of 15 per cent on bills, which we have found to be achievable from sites where we have installed these technologies.
Powering London’s Economic Future
The potential saving from distributed energy solutions across all non-domestic electricity consumption in Wales could be £154m.
This figure is based on reductions of 15 per cent on bills, which we have found to be achievable from sites where we have installed these technologies.
Powering Wales
The potential savings from distributed energy solutions across all non-domestic electricity consumption in the West Midlands could be £98.8 million.
This figure is based on a reduction of 15 per cent on bills, which we have found to be achievable from sites where we have installed these technologies.
Powering West Midlands’ Economic Future
The potential savings from distributed energy solutions across all non-domestic electricity consumption in the North East could be £112.5 million.
This figure is based on a reduction of 15 per cent on bills, which we have found to be achievable from sites where we have installed these technologies.
Powering the North East’s Economic Future
The potential savings from distributed energy solutions across all non-domestic electricity consumption in Yorkshire and Humberside could be £220.7 million.
This figure is based on a reduction of 15 per cent on bills – which we have found to be achievable from sites where we have installed these technologies.
Powering Yorkshire and Humberside’s Economic Future
The potential savings from distributed energy solutions across all non-domestic electricity consumption in Greater Manchester could be £105.2 million.
This figure is based on reductions of 15 per cent on bills, which we have found to be achievable from sites where we have installed these technologies.
Powering Greater Manchester’s Economic Future