Ofgem has announced a Strategic investment Fund to help unlock Net Zero, with around £450 million to be invested in energy network innovation from 2021-2026.
Dan Clarke, Head of Innovation at Energy Networks Association which represents the UK and Ireland’s energy networks businesses said:
"Energy networks are unlocking Net Zero, helping customers connect low carbon technologies and solutions and preparing for the switch from natural gas to a hydrogen future. We have the most flexible and innovative energy networks in the world and Ofgem’s £450m Strategic Innovation Fund will help keep Britain at forefront of the global race to Net Zero."
About Energy Networks Association
Energy Networks Association (ENA) is the industry body representing the electricity wires, gas pipes and energy system in the UK and Ireland.
ENA helps its members meet the challenge of delivering electricity and gas to communities across the UK and Ireland safely, sustainably and reliably.
Its members include every major electricity and gas network operator in the UK and Ireland, independent operators, National Grid ESO which operates the electricity system in Great Britain and National Grid Gas which operates the gas system in Great Britain. Its affiliate membership also includes companies with an interest in energy, including Heathrow Airport and Network Rail.
What are energy network operators?
Energy network operators manage and maintain the wires, pipes and other infrastructure which delivers electricity and gas to your home, business and community. They are private companies which are regulated by Ofgem and employ around 40,000 people in Great Britain.