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Energy resilience has become a critical issue to UK manufacturing, led by increasing energy prices, power disruptions and continued pressure to reduce low carbon emissions. Energy prices and reliability of supply are cited as main concerns in our recent research.
Despite all the factors encouraging UK manufacturers to act on these energy challenges, our report reveals a low level of investment into energy technologies by British manufacturers. Nearly a quarter (24%) of participants said they are not planning to invest in energy efficiency technology at all and the number goes higher for the other investments such as material efficiency, self-generation and demand response services.
Our report also examines barriers to investment and suggests that better access to funding and increased certainty around return on investment will encourage increased investment into energy technologies.
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