According to a report in the Daily Telegraph, Britain is exploring the possibility of exchanging electricity with the USA via a proposed transatlantic power cable.
The plan aims to install up to six power cables approximately 3500 miles across the Atlantic Ocean, to a depth of up to 11 000 feet.
Simon Ludlam, one of the potential investors, highlighted the potential for electricity trading across the Atlantic, taking advantage of the time zone differences. He said: “When the sun is high in London, it would be breakfast time in New York where people could use UK or European power to cook breakfast. When London basks in sunlight, New York awakens, allowing for power exchange between UK/Europe to supply the US, then US solar power could supply UK supper needs.”