- Date 23 Nov 2020
Proposed actions on transportation, renewable energy, hydrogen, vehicle electrification and carbon capture align with Ricardo strategy and established strengths, which enable the company to help industry towards Net Zero carbon emissions – and commercial success, sustainably achieved.
Announced by the Prime Minister as an ambitious plan to ‘build back better’ following the economic damage of the Covid-19 pandemic, The Ten Point Plan for a Green Industrial Revolution published yesterday will focus £12 billion of government investment towards a green recovery.
Among the ten points – which reflect key UK industrial strengths – are the development of hydrogen as an energy source, offshore wind energy, electric vehicles, public transport, more sustainable aviation and maritime fuels, carbon capture, protecting the natural environment, and promoting innovation.
“The priorities announced in the ten point plan resonate strongly with those of Ricardo,” commented Stephen Dyke, MD of the Ricardo Automotive & Industrial division. “Transport electrification is already central to our business, and we are actively assisting customers with the development of advanced battery electric and hybrid vehicles. In particular, we have developed deep expertise in the area of battery packs and sophisticated control electronics and software, in order to improve energy storage capacity and thus resolve the issue of range anxiety among prospective buyers of electric vehicles.”
In addition to Ricardo’s work in vehicle electrification, the company is also active in the area of hydrogen powertrain development. In September, for example, the company announced that it had been notified of the provisional award of funding from the Coast to Capital Local Enterprise Partnership for the creation of a hydrogen test facility at its Shoreham Technical Centre.