Monthly Archives: February 2022

EU Sustainable Gas

Natural gas classed as sustainable says EU

GET Solutions welcomes the EU Commissions move #CLIMATESOLUTION

GET Solutions Limited welcomes the EU Commission’s move to classify natural gas as sustainable following the College of Commissioners political agreement which will be formally adopted once translations are available in all EU languages.

In order to achieve climate neutrality by 2050 a great deal of private investment is needed to step up the transition by drawing on all possible solutions to help us reach our climate goals. The Commission considers there is a role for gas and nuclear activities in the transition as they will fulfil environmental safety requirements and the transition away from coal to renewables.

Alan Dodd CEO of GET Solutions said “this is fantastic news as it opens up more opportunities for combined heat and energy (CHP) solutions which provide two sources of energy from a single fuel. Not only is this a more cost-effective form of generation than traditional grid supplied power, but it is also far better for the environment.”

Valdis Dombrovskis, Executive Vice-President for an Economy that Works for People, said: “Our mission and obligation is climate neutrality. We need to act now if we are to meet our 2030 and 2050 targets. Today’s Delegated Act is about accompanying the EU economy in the energy transition, a just transition, as a bridge towards a green energy system based on renewable energy sources. It will accelerate the private investment we need, especially in this decade”.

Mairead McGuinness, Commissioner in charge of Financial Services, Financial Stability, and Capital Markets Union, said: “The EU is committed to achieving climate neutrality by 2050 and we need to use all the tools at our disposal to get there. Stepping up private investment in the transition is key to reaching our climate goals.

The Energy Revolution™ by GET Solutions UK Limited provides CHP solutions to lower dependencies on grid supplied energy either on a capital purchase basis or as a funded “own the solution, not the equipment” basis. The funding provides instant reduction and stability in energy costs and a significant decrease in carbon emissions without the risk associated with ownership.

Source: EU Commission

For further information, help or support contact us on Tel. 024 76630 8830 or email @ sales@getsolutions.co.uk 

#energy

Energy price volatility set to continue into 2030

Analysts have warned that UK energy prices could continue to be volatile into the 2030s if the Government doesn’t provide greater resilience.

It has been forecasted that the cost of energy could jump between £95 per megawatt hour between summer and winter and the seasonal difference will increase to approximately £120 per megawatt hour by 2030.

Contributory factors which are expected to leave UK energy prices vulnerable to instability include:

• Increased weather risks
• Just in time energy procurement
• Overreliance on insecure energy imports
• Reduction in nuclear power
• Reduction in coal power

The current focus has been on wholesale prices for the short-term and energy price caps, but as we look forward to 2030, nuclear power stations start to retire, and with the additional closure of coal fired power stations across Europe, this reduction in generation will bring a new period volatility to the UK energy markets. To avoid boom and bust energy pricing, the UK needs a significant change to the way we procure, store, supply and consume energy.

Its not all doom and gloom

Whilst the situation could be grave, it is not all doom and gloom. On the contrary, organisations don’t have to accept these imposed price hikes and can take measures to mitigate the potential risk these volatile times bring. Furthermore, it doesn’t have to cost the organisation to achieve this.

Self-generation from sustainable technologies such as solar pv or combined heat and power will provide significant resilience and independence from the grid and when used in conjunction with battery storage will maximise efficiencies, getting the power you need, when you need it and at a predetermined cost that’s right for your enterprise for a decade or more.  

Such technologies or combinations of technologies are readily available and are being increasingly adopted as we get closer to our 2030 and 2050 climate neutrality targets. Businesses that have the capital and desire to invest in this energy revolution will realise the quickest and largest returns on their investment, whilst businesses with differing priorities can still benefit and significantly reduce costs and emissions without the need for capital outlay through our corporate PPA and funded solutions.

For further information, help or support contact us on Tel. 024 76630 8830 or email @ sales@getsolutions.co.uk 

Source: Cornwall Insight