Heat networks are investment opportunity ‘worth billions’ – energy company boss

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.

Swedish state-owned firm Vattenfall said it was looking to invest more than £1 billion in the infrastructure needed to deliver heat networks in five to eight cities in the UK by 2030.

And meeting targets to have 20% of homes on heat networks by 2050 will require investment of £60-£80 billion over that time, Vattenfall Heat UK managing director Jenny Curtis said.