News - Press releases: Energy Global.com: Knowledge Economy generates new revenue streams for UK's renewable sector
According to industry sources, the UK possesses the natural resources to produce more than seven times the energy it requires domestically through the renewable energy sector. This energy surplus could generate huge revenue streams through exports, if or when a European ‘Super Grid’ has been constructed that can effectively distribute our energy reserves.
We are also developing a world leading ‘blueprint’ for renewable energy skills, particularly in the fields of research, development and testing. We already lead the way in wave and tidal prototyping and testing at the EMEC Centre in Orkney. Other areas include the development of ‘Smart Grid’ technology that makes more efficient use of power outputs. This expertise is also exportable, particularly to countries which are looking to develop and test new renewable energy prototypes.
