UK announces plan to spur domestic clean energy industry
"The UK’s pitch is clear – build it in Britain. Power the world.”
The UK has outlined its plan to support its domestic clean energy industry and double investment levels by 2035 as part of its Modern Industrial Strategy announced today (June 23).
The country wants its clean energy future to be ‘built in Britain’ and will invest £700 million to achieve this goal. The new investment will be distributed through its publicly-owned power company Great British Energy to help build manufacturing facilities for key energy transition components, such as floating offshore platforms, electric cables, and hydrogen infrastructure.
