Siemens and local government in £100bn clean energy drive

A partnership between Siemens and local government will aim to unlock over £100bn for clean energy schemes as part of the UK's drive to meet net-zero emissions.

Siemens signed an agreement with UK100, a network of 94 political leaders from across the UK to work with the Department of Business, Energy and Industrial Strategy (BEIS) and bring together financing from local authorities, private capital and government investment to create clean energy projects at significant commercial scale.

This partnership builds on the development of five Local Energy Hubs which are being established by the Department of Business, Energy and Industrial Strategy (BEIS).

Polly Billington, director of UK100 said: “Siemens commitment to this partnership is a sign that the private sector is taking local energy schemes seriously and can help local government to play its part in meeting our ambition of net-zero emissions.”

The announcement comes as Bristol City Council has launched a global search for a partner to deliver up to £1bn of investment to support its goal of becoming the UK’s first carbon-neutral city by 2030. The Bristol City Leap project, run in partnership with Bristol Energy, will establish a joint venture with an organisation or group of organisations to support the delivery of its ambition.

The first stage of the UK100-Siemens partnership will be a series of regional workshops intended to develop business cases for investment and outline what policy and procurement changes may be needed to get integrated, at-scale clean energy projects off the ground to address the climate emergency.

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