The British Energy Security Strategy: key takeaways

As the world continues to grapple with soaring energy costs, ensuring security of energy has become a key priority for many governments,  including the UK. In response, on 7 April,  the Government set out its own ambition for a secure, low carbon energy system in the British Energy Security Strategy.  Given the urgency of the current situation, businesses were looking for a tangible step change from ambitious targets to detailed delivery plans that would help to address both the short term pressures whilst investing in the medium to long term net zero transition.

What we saw in the strategy

1. Bold ambition across several key technologies. Firstly, offshore wind ambition increased to 50GW by 2030, with floating wind ambition increased to 5GW. Secondly, low carbon hydrogen production targets increased to 10GW by 2030, with at least 5GW coming from electrolytic hydrogen. Thirdly, nuclear energy target targets set at 24GW by 2050, with Government ai