AceOn today welcomed the focus on a new Green Revolution in the Budget – but called for Chancellor Rishi Sunak to be even more ambitious.
The AceOn Group – a leading national innovator in battery and energy storage technology – says the Government must create a level playing field for all renewable technologies in the drive to meet its legal obligation to cut carbon emissions to zero by 2050
AceOn Energy managing director Richard Partington said both solar and battery technology would play a massive part in the building of a truly sustainable economy.
“We are delighted that the Chancellor talks so enthusiastically about the new Green Revolution and are committed to playing our part in bringing it about.
“We are developing incredibly efficient and smart batteries which can help store renewable solar energy in a way we could never imagine a few years ago. They will help slash our emissions, cut fuel bills and lift entire communities out of fuel poverty.
“For its part, the Government should make incentives available to consumers and developers to switch to energy storage in the way they have for other technologies. That would demonstrate just how seriously they are taking the issue.
“We are also disappointed that our call – along with many others in our industry – for VAT rates on home energy storage to be lowered to 5%, in line with domestically used electricity from fossil fuels, appears to have been ignored.”
