The factory floor of Schneider Electric’s plant in Conselve, Italy, hums with urgency. The world’s total energy needs are also continuing to rise—a third force underpinning rising investment in electricity infrastructure. In December America’s Department of Energy provided a$15bn loanguarantee to PG&E, a Californian power utility hit hard by wildfires in recent years, to help it invest in making its …
Mr Glover warned that the “single biggest blocker” to getting cheaper, cleaner energy into more UK homes was now “lack of grid infrastructure”. “For example, RWE’s low-carbon projects face between two to five years delay purely because of lack of grid – this is slowing down our investment in the UK and reducing our ability to supply lower cost, lower …
