First we have a major announcement that the UK government is going to invest in battery technology. Then comes an announcement that it is going to increase the incentives around solar panels for consumers including tax treatment. A few days later it is announced that the combustion engine is to be abolished by 2040 and replaced with electric cars.
"Where are we going to find the electricity?" screams the media.
I am just waiting for a further announcement saying that from 2025 all new houses will have to have self sufficient solar panels and be battery technology ready by law! Regulation covering businesses and old build to follow....
Now is the time for the battery manufacturers and the solar panel industry to get their act together and start building their brand equity and credibility with the consumer. Uber Energy...here we come.
The government has announced a major shake-up that it hopes will make it easier, and cheaper, for homeowners to produce their own electricity. Known as the Faraday Challenge, the four-year £246 million investment round is a key part of the Government’s Industrial Strategy. It will deliver a programme of competitions that will aim to boost the research and development of battery technology. Business Secretary Greg Clark said the aim is to ensure the UK leads the world in the design, development and manufacture of electric batteries.