PE
Chief executive, Energy Technologies Institute
“ We have got barriers to overcome if we are going to deliver the targets. It is critical to incentivise business to want to be part of the game and give industry confidence that there is going to be a business opportunity in the long-term.
“ If the capital cost and operating costs of energy systems can be reduced we can get commercial investors to see low-carbon energy as an acceptable risk. At the ETI, we address this by running technology demonstration projects focused on cost reduction. If we can develop cost-effective technology solutions for renewables, there are potential opportunities.
“ We have strong technology capabilities and skills. The opportunity we have is to use these capabilities to enable engineering cost reduction through R&D and persuade system providers that the most effective way to integrate this R&D into their product base is to establish manufacturing and long-term R&D activity.
Please enable JavaScript to view the comments powered by Disqus.
Read now
Download our Professional Engineering app
A weekly round-up of the most popular and topical stories featured on our website, so you won't miss anything
Subscribe to Professional Engineering newsletter
Opt into your industry sector newsletter
Javascript Disabled
Please enable Javascript on your browser to view our news.