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24/05/2021 | Press release | Distributed by Public on 24/05/2021 06:02
Ofgem delivers £300 million down payment to rewire Britain
£300 million investment for over 200 low carbon projects to get Britain ready for more electric transport and heat.
New infrastructure to support 1,800 new ultra-rapid charging points at motorway service areas.
Part of a broader investment programme for safe, secure and clean energy, with £40 billion confirmed already and more to follow in 2022.
Ofgem is today powering the electric vehicle revolution, with motorway service areas and key trunk road locations across the country set to get the cabling they need to install 1,800 new ultra-rapid charge points, tripling the current network.
Click the thumbs up >Ofgem – the Government’s energy regulator – has announced a £300 million funding package for 200-plus net-zero schemes over the next two years.
The investment recognises that Britain’s cables, substations and other infrastructure need a massive upgrade to support this new demand for electricity as more people swap their internal combustion engine (ICE) vehicles for electric power.
Ofgem says that 39 motorway service areas and key trunk roads in England, Scotland and Wales, will get the cabling they need to install 1,800 new ultra-rapid charge points, tripling the current network.
A further 1,750 charge points will be supported in towns and cities.