On-site power to generate savings for UK

On-site power generation will save the UK £33 billion (US$214 billion) by 2030, a new study predicts.

According to the research commissioned by energy consultancy Utilyx, on-site generation will contribute 14% of the UK’s energy needs by 2030, up from 9% in 2011.

The largest savings (£20 billion) will come from combined heat and power and energy from waste, while solar power and trigeneration are predicted to grow the fastest. Decentralised energy will also deliver 350 million tonnes of carbon emissions savings.

The study was based on interviews with UK-based businesses with annual revenues of at least £150 million, decentralised energy technology service providers, energy finance firms, government and trade bodies.

Mark Stokes, managing director of Utilyx’s asset management business, said the UK needs to consider on-site power generation as part of its energy mix. “In a climate of volatile and rising energy prices, decentralised energy can help businesses save money, reduce carbon, and provide energy security,” he said.

For more on-site power news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...