GE Vernova publishes study on UK's decarbonisation process

If urgent action is not taken within the next three years to accelerate investment, additional build-out of renewable, decarbonised generation, and electrical grid, transmission, and distribution infrastructure, the UK would be at risk of falling short on its target to supply decarbonised electricity by 2035.

Official Press Release GE Vernova:

Great Britain needs tangible progress within the next three years to meet net zero targets, says GE Vernova study

Wind Industry Profile of

Additional 250 GW of renewable and decarbonised generation, approximately 2.5 times that of existing capacity, will need to be added to the power system / More than £50bn investment, twice as much as that of the past five years, is required in power generation and storage capacity alone this decade / 80 GW additional transmission line capacity is required along the Scottish and English boundaries, to optimise use of renewable electricity

GE Vernova today (NYSE:GE) released a study, Challenges in the Electricity Market: 2025-50 – Reaching Net Zero Carbon in Great Britain revealing that if urgent action is not taken within the next three years to accelerate investment, additional build-out of renewable, decarbonised generation, and electrical grid, transmission,... ... More: Official Press Release GE Vernova