BEIS Upgrading our Energy System Report and Faraday Challenge

[ALEO Admin]

On 24 July, Business and Energy Secretary Greg Clark launched a new policy paper titled Upgrading Our Energy System: Smart Systems and Flexibility Plan.

The plan outlines 29 actions the government, Ofgem and industry will take to:
- remove barriers to smart technologies (such as storage and demand-side response)
- enable smart homes and businesses
- improve access to energy markets for new technologies and business models

For the BEIS press release, visit: https://www.gov.uk/government/news/plan ... businesses

To download the full report, visit:
https://www.gov.uk/government/publicati ... ility-plan

See also, Ofgem's press release at:
https://www.ofgem.gov.uk/publications-a ... fit-future

Greg Clark also announced the first phase of the Industrial Strategy's 'Faraday Challenge' - a 4-year, £246 million investment in battery technology. The first phase includes the launch of a £45 million 'Battery Institute' competition to establish a centre for battery research to make technology more accessible and affordable.

For more information, see:
https://www.gov.uk/government/news/busi ... l-strategy