UK road transport consumes around 287MMbbl of petrol and diesel every year (786,000bpd). That is a major oil field, every year – a vast amount of stored energy.
Transitioning away from the internal combustion engine (likely toward a combination of electric and hydrogen vehicles) will require this energy to be offset elsewhere. Absorbing it through the electricity system is estimated to require about as much as the current residential electricity market today, said Tom Pakenham of Ovo Energy in this recent article by The Times.
Innovative charging platforms and likewise, have the potential to reduce some of the strain placed on the national grid, by spreading and even storing this additional energy demand. However, significant investment will still be required in infrastructure upgrades and cleaner power generation capabilities – some rapid forecourt chargers (150Kw) each draw power equivalent to 50 houses.
Gas2Wire projects invest in electrical infrastructure and generate cleaner energy, to help support and deliver the transition. The technology we use is already proven, commercial and can be rolled out rapidly, delivering efficiency gains in the short-term and accelerating progress toward climate goals/targets.