Mirror
Summary
Installing heat networks to replace home gas boilers in urban areas is an investment opportunity worth tens of billions of pounds, an energy company has said.
Vattenfall, the Swedish state-owned energy giant, said it is looking to invest £1billion into the infrastructure required to roll out heat networks across five to eight UK cities by 2030. Jenny Curtis, the managing director of Vattenfall Heat UK, has put a price tag on the Government's ambition to connect 20% of British homes to heat networks by 2050, estimating it will cost £60-£80billion investment over the period.
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