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THE ENERGY
SECURITY STRATEGY

AT A GLANCE

THE AMBITIOUS PLANS INCLUDE:

HYDROGEN: Up to 10GW of low
carbon hydrogen production
capacity by 2030, with at least
half coming from green hydrogen
and utilising excess offshore
wind power to bring down costs.
This will not only provide cleaner
energy for vital British industries
to move away from expensive
fossil fuels, but could also be used
for cleaner power, transport and
potentially heat.

OIL AND GAS: A licensing round
for new North Sea oil and gas
projects planned to launch in
plans to deliver the equivalent of one will be central to weaning Britain off autumn, with a new taskforce
nuclear reactor a year instead of one a expensive fossil fuels, which are subject providing bespoke support.
decade and the creation of over 40,000 to volatile gas prices set by international
more jobs in clean industries. markets we are unable to control, HEAT PUMP MANUFACTURING: A Heat
The Energy Security Strategy builds and boosting our diverse sources of Pump Investment Accelerator
on the Prime Minister’s 10-Point Plan homegrown energy for greater energy Competition in 2022 worth up to £30
for a Green Industrial Revolution, and, security in the long-term. million to make British heat pumps.
together with the Net Zero Strategy, “Consumer bills will be lower this
promises to drive £100 billion of private decade than they otherwise would OFFSHORE WIND: A new ambition of
sector investment into new British be as a result of the measures this up to 50GW by 2030 – more than
industries, including offshore wind and government has taken.” enough to power every home in the
support for 480,000 new clean jobs by Business and Energy Secretary, Kwasi UK – of which 5GW would come
the end of the decade. Kwarteng, added: “We have seen record from floating offshore wind in
Prime Minister Boris Johnson said: high gas prices around the world. We deeper seas.
“We’re setting out bold plans to scale need to protect ourselves from price
up and accelerate affordable, clean spikes in the future by accelerating our ONSHORE WIND: A planned
and secure energy made in Britain, for move towards cleaner, cheaper, home- consultation on developing
Britain – from new nuclear to offshore grown energy. partnerships with a limited
wind – in the decade ahead. “The simple truth is that the more number of supportive communities
“This will reduce our dependence cheap, clean power we generate within who wish to host new onshore
on power sources exposed to volatile our borders, the less exposed we will be wind infrastructure in return for
international prices we cannot control, to eye-watering fossil fuel prices set by guaranteed lower energy bills.
so we can enjoy greater energy self- global markets we can’t control.
sufficiency with cheaper bills. “Scaling up cheap renewables and SOLAR: he government will look to
“This plan comes in light of rising new nuclear, while maximising North increase the UK’s current 14GW of
global energy prices, provoked by Sea production, is the best and only solar capacity, which could grow up
surging demand after the pandemic as way to ensure our energy independence to five times by 2035.
well as Russia’s invasion of Ukraine. This over the coming years.”

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