Vision thing: Government launches aspirations for competitive CCUS
Ministers are sharpening their long-term vision of creating a competitive UK market for carbon capture and storage (CCUS).
In a policy programme dubbed CCUS Vision,...
Reliance on China for battery metals ‘leaves UK vulnerable’, MPs declare
Britain’s supply chains importing key minerals including for batteries and low carbon energy render the UK exposed to blackmail and pressure by autocracies, particularly...
Government finds £1.5 billion more for heat pumps, breaks down £6 billion of efficiency...
Ministers today added £1.5 billion to the Boiler Upgrade Scheme (BUS), promoting electric pumps as gas' low carbon replacements for warmth.
In helping homes replace...
Octopus boosts global expansion as shareholders come clean with £625 million
Existing backers of privately held Octopus Energy, now ranked as Britain’s biggest supplier of home energy, have today pledged £625 million - $800 million...
Green hydrogen scoops £2bn for industry projects, as pilot falters to convert homes
Energy ministry D-ESNZ has committed to back 11 projects making industrial use of green hydrogen with £2 billion over 15 years.
In return for state...
Operators pledge 139 GW more next year to speed up grid decarbonisation
Britain's energy network operators have detailed their commitments to speed up generation and storage connections, pledging to deliver all of them during 2024.
Grid companies...
Ofgem probes energy brokers’ fees & suppliers’ complaints handling
Britain’s power regulator has launched a six-week consultation seeking business users’ views on services delivered by third-party energy brokers, including fees charged.
Also under scrutiny...
Longer-term bills help needed for businesses, say brokers
New research from nPower Business Solutions finds that nearly three quarters of brokers reckon the government’s Energy Bills Discount Scheme (EBDS) isn’t doing enough...
Crown Estate preps floating turbines to power 4 million homes
Leasing details set to place Britain at the forefront of the world’s floating offshore power industry were set out today by the seabed’s oversight...
UK energy may need £900 Bn to reach Net Zero; NatWest & Boston Group
More than £900 billion in new spending may be required to get Britain’s power supply networks to Net Zero by mid-century, a leading renewables...
Ofgem convenes English mayors in quest of better local grid planning
Seven Metro Mayors and leaders of major English cities were among civic chiefs convened by Ofgem’s CEO Jonathan Brearley in a bid to spur...
‘More Brits worry this winter about energy bills’, as EdF pours £103 million more...
Research conducted by energy supplier EdF concludes that Brits are even more anxious about paying energy gas bills this winter than last.
Among 2,000 homes...
Piclo flexes to the Max, plans global trades for 2024
Trading platform provider Piclo is readying for launch a product that will enable its clients to trade flexibility capacity on global markets.
Starting in the...
Ofgem lifts price cap 5% to £1,928, blames wholesale market instability
Britain’s energy regulator confirmed market expectations this morning by increasing the dual fuel price cap with effect from January to £1,928 per year for...
Buy British to boost nuclear generation, and revive Wylfa, MPs urge
Britain’s nuclear expansion must be sourced from home-based suppliers, and must include reviving north Wales’ defunct Wylfa station, an industry-backed panel of MPs advocates...
Octopus’ ‘heavenly wind’ to fan £3 Billion into Europe’s offshore turbines
The generation arm of internationally expanding Octopus Energy today announced its first ever dedicated investment drive focused on offshore wind, primed with capital from...
D-ESNZ pushes 2024’s CfD caps higher in quest of renewables boost
The government today confirmed increases of 50 per cent and higher in Contract for Difference ceiling prices offered to next year’s projects bidding to...
Sunak’s carbon capture policy ‘deepens fossil gas reliance’; IEEFA report
The UK government’s £20 billion pot of incentives for carbon capture projects disproportionately supports extraction of gas-derived ‘blue’ hydrogen, increasing long-term reliance on the...
Off to a flying start: the SMR competition spelling early success for Great British...
by Vince Zabielski, Partner, Pillsbury
Following the government announcement that six firms have passed the first stage of the UK’s flagship competition to build small...
Holyrood bets £9m on Morocco power line, primes 900 Hunterston jobs
Scotland’s part was confirmed today in high private sector ambitions to pump low carbon Moroccan wind- and solar-derived electricity to Britain under thousands of...