New research by Centrica has found a lack of support in UK boardrooms for investment in new energy technology.
According to a poll of more than 100 private and public-sector organisations, 34% of respondents admitted difficulty in convincing leadership teams to let them invest in new energy solutions.
Nearly half of respondents claimed “political uncertainty” may be responsible for UK businesses improving their energy infrastructure.
A further 34% highlighted that rising pressure from other areas of their businesses, including wage costs and workforce skills gaps, were diverting attention away from energy investment.
Half of businesses admitted that they planned to invest less than £1 million on new energy technology over the next two years, up from 33% when the poll was last conducted in 2017.
When asked where businesses thought the best future investment in new energy would be, half said they believed battery storage would be “most important” to manage energy in future.
Gab Barbaro, British Gas business managing director, said: “We are in the middle of an energy revolution and investing in modern infrastructure is vital to organisations achieving the resilience and efficiency they need.
“Energy buyers recognise this but need support from their boards to help bring the UK’s energy system into the 21st century.
“Forward-thinking organisations we work with from around the world are already reducing their costs, lowering their carbon emissions and increasing their productivity by adopting new energy technologies.”
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