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Investment in V2G

A year ago the future dominance of electric vehicles would have been regarded by many as an “if” not “when”. But in the interim we have had a conveyor belt of announcements by automotive manufacturers, governments and even petrochemical companies with hard commitments to this agenda. The debate has now flipped to one of how quickly this transition will now occur. The mid 20s are talked of as the boom time, but with EV battery capacity rising at an extraordinary rate and the choice of vehicles increasing almost monthly, this could come sooner. EV affordability is also much less of an issue than most people appreciate as in the region of 90 per cent of new EVs are “bought” on surprisingly competitive personal lease deals.

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Innovation for the nation

The electricity and gas networks are no longer the hidden heroes of the energy industry. Over the last few years they have been steadily improving their service for the public – delivering lower cost and more reliable power and gas than ever before. Power cuts are fewer and shorter while the gas network is so reliable that the probability of an unplanned supply interruption is once every 140 years.

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Innovation must become ‘business as usual’ for network companies

Robots that can repair gas mains. Drones that can be used to monitor electricity pylons, and technology that reduces the voltage on an electricity network at the flick of switch.  These are just some of the projects that energy networks and other businesses have developed over the past few years.

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Innovate to transform: The network innovation allowance

In recent years our gas and electricity networks have started along a path of significant transformation, as they adapt to meet the variety of challenges associated with decarbonisation. Through the increasing use of new technology to improve the efficiency of our electricity distribution networks and the injection of green gas into the grid, we are already beginning to see how this transformation can deliver security and affordability for energy customers in a low carbon economy.

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