Recognising the current and future challenges posed by climate change to our environment and way of life, the UK Government in 2019 became the world’s first major economy to legislate that greenhouse gas emissions must be reduced to net zero by 20502. Achieving this ambitious goal will require a transformation of the economy and society, and a greater share of greener energy powering the UK’s continued development.
This important work, supported by Macquarie Asset Management and its co-investors, is seeking to deliver a more sustainable energy supply for the millions of customers that rely on Cadent’s network each day.
Cadent is fostering collaboration across the energy value chain to shape the future of gas, having led the UK’s first ever live demonstrations of a hydrogen blend in homes.
Cadent’s HyDeploy project, in conjunction with Keele University, successfully demonstrated how hydrogen can be safely blended up to 20 per cent volume with natural gas, utilising existing infrastructure as well as home cooking and heating appliances. In addition, Cadent has partnered with its peers to build the UK’s first hydrogen homes which feature boilers, hobs, and cookers fed by 100 per cent hydrogen3.
Senior Managing Director, Macquarie Asset Management