BP’s £4bn profits spur calls to tighten windfall tax on oilcos
Oil behemoth BP continues to profit from high energy prices, reporting this morning underlying earnings of £4 billion for the quarter to April. The...
Net Zero goals “will be missed”, say MPs, as ministers’ claims holed by delivery...
Britain will miss government goals to strip all carbon from electricity generation by 2035, without a delivery plan to remedy incomplete, contradictory policy from...
Government to tweak CfDs in quest of wider recognition & more capacity
Britain’s hugely successful flagship policy supporting clean electricity is to be reformed, as ministers ponder extending its rewards to developers for the sector's non-financial...
Hydrogen blended into gas grid “unfairly expensive to consumers”, 20 organisations tell Shapps
Boosting Britain’s nascent hydrogen economy by pumping the gas in blends over established grids will impose unfair costs on businesses & households, campaigners including...
Battery investor charges towards working 1GW this year
Britain’s biggest specialist investment fund focusing on power storage posted sparky earnings today.
Gresham House Energy Storage Fund (GRID) anticipates converting 80% of its current...
Brexit bonus? Octopus invests in solar potential of Land of the Rising Sun
Japan was confirmed this morning as British clean electricity generator Octopus Energy’s foothold into more Asian expansion.
Greg Jackson’s privately held behemoth-in-the-making announced today its...
Greencoat UK Solar & Innova ally to develop 5GW of solar & storage
UK solar received yet another boost this morning, as financiers Schroders Greencoat teamed up with developers Innova Renewables to roll out a hoped for...
Ceres trials its green H2 tech with Linde & Bosch
Clean energy innovators Ceres Power Holdings have signed up with chemical giant Linde Engineering & industrial leviathan Bosch to pilot a 1 MW green...
Battery investors Gresham House charge up 20% full year growth
Full year results from Britain’s biggest investment fund specialising in grid scale storage saw Gresham House surge over 20% in net asset value.
The fund...
CCUS “backed by government’s £20 billion” to head Hunt’s energy Budget, Treasury briefs
Twenty-year Government incentives promoting carbon capture use and storage (CCUS) will reportedly headline benefits to the energy sector in Jeremy Hunt’s Budget on Wednesday.
The...
REMA responses “strengthen case for radical reform”: Cornwall
Replies to Britain’s biggest ever consultation on energy market reform underline the case for a far-reaching revamp, consultants Cornwall Insight believe.
D-ESNZ yesterday published its...
“Once more unto the Breach”: Iceland plugs into Octopus’s Cambs solar farm
Frozen food chain Iceland Foods is the latest High Street brand to sign a PPA (- power purchase agreement -) with a power retailer...
EV charging aggregator Bonnet crowd-funds expansion
A London-based start-up aggregator of EV charging networks is inviting its 150,000-strong driver community to join global investors in taking a stake in the...
Guarantees of origin “could raise half capital needed to meet EU 2030 renewables goals”,...
An Oslo-based consultancy believes Europe’s growing market for honesty in proving electricity’s absence of fossil fuels could be worth as much as 57 Billion...
Hydrogen genset firm GeoPura expands with £36m from GM & friends
Hydrogen-fuelled power makers GeoPura have secured £36 million in growth funds from heavyweight investors including Barclays Sustainable Impact Capital and the venture capital arm...
Gold rush! Gore Street buys Big in California, finds amp-sheltering Rock
London-quoted investors Gore Street Energy Storage Fund are buying big into America’s grid-scale storage market, acquiring a 200 MW project to be located in...
Zenobē reaches financial close on Phase 1 of world’s first 300 MW battery hooked...
Grid storage and EV charging specialists Zenobē say they’ve fully funded the first stage of a giant grid-scale battery, under construction now in the...
Shell sued over dragging feet, sticking with fossil fuels
In what they claim is a first in British law, activist environmental lawyers Client Earth announced today they are suing oil leviathan Shell, accusing...
BP leapfrogs Shell’s profits, spurs renewed calls for heavier windfall tax
BP today outdid Shell by declaring a sanctions-boosted doubling of profits for 2022, up to £23 billion.
The figure is a new record for the...
Shell’s record £32 billion earnings spark fury
Fossil fuel supermajor Shell posted record profits today of £32.2 billion, provoking fierce criticism from politicians and green campaigners, and renewing calls for the...