The Energy Networks Association (ENA) has set out its vision of how the UK’s gas and electricity networks will play a vital role in delivering the UK’s Industrial Strategy.
The government wants to build an industrial strategy that addresses long-term challenges to the UK economy. Its aim is to improve living standards and economic growth by increasing productivity and driving growth across the whole country. In its response to the Industrial Strategy consultation, published on 18 April, the ENA stated that innovation in smarter networks can deliver an estimated potential of £13bn of Gross Value Added, £5bn of potential exports to 2050 and 8,000 – 9,000 jobs over the 2020s and 2030s.
ENA Chief Executive David Smith said: “As we increasingly see the deployment of new energy technologies the opportunities for businesses to take advantage of a smarter energy grid will be huge. Our energy networks will be responsible for delivering that technology so it’s vital that their role is at the heart of the UK’s Industrial Strategy.”