The people and companies of the West Midlands spend more than £10 billion every year on electricity, gas and fuel. West Midlands industry spends over £2 billion every year on energy. The citizens of the West Midlands pay more than £2.7 billion in home energy bills every year.
There are more than 10,000 companies working in the energy sector supply chain across the West Midlands. Over 56,000 people are employed in the energy sector across the Black Country, Birmingham, Solihull, Coventry and Warwickshire. Some of the largest and most important energy businesses in the UK are based in the region, including National Grid, E.ON UK, Worcester Bosch and nPower, as well as some of the newest and most innovative, such as First Utility and Co-operative Energy.
The Universities of Birmingham, Aston and Warwick are leaders in UK Energy Research, working with other Midlands Universities to form the Energy Research Accelerator.
More than 500 academics work in energy-related research in the region.
Coventry, BCU and Wolverhampton Universities have strong built environment research groups, focused on energy efficiency and low carbon buildings.
The Energy Systems Catapult is based in Birmingham.
Every year more than £2.5 billion of capital investment is made in energy technologies and infrastructure (excluding buildings and transport) across the West Midlands
The global market for energy technology is expected to exceed $2.7 trillion per year from now to 2040 (Source IEA 2015)