The UK and India joined forces this week to unlock economic
growth from the clean energy transition, supporting new jobs,
creating export opportunities and tackling the climate
crisis.
During a visit to New Delhi, the Energy Secretary backed British businesses at India Energy Week – a
major international energy event. He met with UK companies who
are using their expertise to speed up India's transition from
fossil fuels to clean power, including offshore wind, solar,
battery storage and hydrogen.
He met a number of UK companies who are using the UK's world
leading technology to speed up the global clean energy
transition, create job opportunities and protect the climate.
These include:
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Sherwood Power – Sherwood Power has developed energy storage
technology that converts excess, low-cost, renewable energy
into compressed air and heat. When demand is high, this
stored energy is released to generate electricity, reducing
grid load and customer costs. The company is based in
Richmond, North Yorkshire.
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Oomph EV – Oomph EV designs and manufacture a range of rapid,
mobile, electric vehicle charging solutions. They are
addressing the Indian market with a view to local
manufacture. They offer hardware, software and data services
to the global EV market and are based in
Cambridge.
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Flock Energy – London based Flock Energy is building the
digital infrastructure for the global energy transition.
Using advanced AI, Flock Energy enables energy providers to
analyse customer energy data usage in detail, all on one
digital platform, to improve demand forecasting, demand-side
management and energy efficiency.
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Venterra Group – Venterra Group, established in 2021, is
a London based offshore wind services company. Venterra
operates globally with over 700 employees and specialises in
providing comprehensive technical services across the wind
farm lifecycle to reduce project risks, time, and costs.
India is one of the fastest growing economies in the world and
one which is projected to be the fourth largest global importer
by 2035. Delivering on the UK Government's Plan for Change, the
Energy Secretary used his visit to increase UK clean energy
investment opportunities and place British businesses at the
forefront of the global race for renewables.
As one of the world's biggest emitters, working with India on
clean energy and climate is crucial to protecting British
families and businesses from the threat of climate change.
Increasing investment in renewables and clean technology supports
the government's mission to become a clean energy superpower,
protecting households from unstable fossil fuel markets and
helping keep bills down for good.
Energy Secretary said:
We are standing up for the British people by fighting for
investment into our country, and setting the example for all
countries play their part in protecting our planet for future
generations.
The UK and India are strengthening our partnership under our Plan
for Change to unlock investment and accelerate the global
transition to clean, secure, affordable energy.
Both our countries are determined to address the climate
emergency to protect our way of life, while reaping the rewards
of the industrial and economic opportunity of our time.
The Energy Secretary took part in the fourth UK-India
Energy Dialogue with India's Minister of Power Manohar Lal
Khattar, and met with G20 Sherpa Amitabh Kant.
Both countries agreed:
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a new shared ambition on offshore wind, including a UK-India
Offshore Wind Taskforce to drive the progress needed across
the offshore wind supply chains and financing models
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funding to reform in India's power sector to support
decarbonisation through UKPACT, which aims to deliver grid
transformation as part of India's renewables rollout
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an extension of the bilateral Accelerating Smart Power and
Renewable Energy in India (ASPIRE) programme, which will work
to deliver round-the-clock power supply, accelerate
industrial decarbonisation and roll out renewables
This builds on the UK and India's close collaboration to tackle
climate change through innovation agreed as part of the
Technology Security Initiative in 2024, from using AI to increase
resilience, to bringing together experts to safeguard the
critical minerals needed for renewable technologies like wind
turbines and batteries.
Talks come ahead of expected negotiations with India on a Free
Trade Agreement and Bilateral Investment Treaty, led by the
Business and Trade Secretary, at the end of the
month.
Striking a deal would increase economic growth across both
countries, facilitating the trade of renewable technologies and
sustainable materials, supporting the government's mission to
become a clean energy superpower.
There are over 950 Indian-owned companies in the UK and over 650
UK companies in India supporting over 600,000 jobs and driving
innovation across both economies.
Engagement with India comes ahead of COP30, due to take place in
Brazil later this year, where both countries will be pushing for
ambitious outcomes to address the climate emergency.