Tag taps 3 banks for £70m to set 100MW battery humming near Drax

Global clean energy enterprise TagEnergy has secured a debt package to finance its next UK-based battery energy storage system (BESS) project under an innovative...

Octopus winds down £90 m of Polish wind, Leg-ias it out of Warsaw

Octopus’ asset holding investment trust ORIT has signed conditional terms, enabling it to reap substantial profits on two Polish wind farms. Net proceeds of the...

SME-to-SME trades of clean solar power ‘cuts bills by up to 90%’ on Suffolk...

Over 140 companies on an industrial estate in Mildenhall, Suffolk, reckon their local market trading low carbon electricity is slashing bills by between 20%...

Nearly half of teens plan to skip uni & seize green job instead, E.on...

Forty-six percent of Britain’s young people aged 16 to 24 plan to forego traditional college or university education, and opt for immediate jobs in...

Supplier heeds noble call to recycle argon for Indian solar mega-plant

Surrey start-up Gas Recovery & Recycle Ltd ( GR2L) has had its hopes of success inflated by a £4 million deal struck to export...

EDF to invest £4.5bn this year in UK low carbon electricity

Nuclear-to-solar-to-wind generator EDF Energy says it is on track to develop £4.5billion-worth of low carbon electricity-making assets in the UK this year. In its 2023...

Sunak’s failure to shadow US IRA “could cost UK £224 billion by 2050”:  Aldersgate

The Sunak government's inadequate commitments to strip heavy carbon pollution out of UK industry along the lines of President Joe Biden’s Inflation Reduction Act...

Hot and hotter! Pump startup seeks partner, deploying high temperature heat to industry

Industrial heat pump startup Futraheat has secured £689,000 from Innovate UK to develop and deploy a commercial heat pump to deliver low CO2, high...

£3 million offered before 22 August to energy co-ops & community campaigners

Ofgem’s Energy Industry Voluntary Redress Scheme opened this week for its fifth round of grant-making.  Community campaigners & leaders of the UK's nearly 400...

Government boosts CFD pot to £227 million for AR5, up £22 million

Energy secretary Grant Shapps has responded to developers' criticism, and found an inflation-matching sum of £22 million, to boost this autumn's latest round in...

Britain “risks lagging rivals for inward renewables investment”: EnergyUK report

The Sunak government’s mixed messaging around energy policy risks Britain being surpassed this decade as a destination for renewables investment, a report published by...

Shine, together: Ethex hosts share floats to flip solar farms into co-operative ownership

Co-operative investment platform Ethex is hosting a £2.5 million share float for small investors, designed to convert seven commercial solar farms – four of...

British Gas’ nine-fold hike in profits sparks rage

Centrica. the parent of leading UK supplier British Gas Energy, today posted half year operating profits for 2023’s first six months of £2.1 billion,...

Politicians’ NZ inaction “drives energy contractors back into booming oil & gas”; report

Uncertainty surrounding politicians’ messaging over Net Zero and a lack of good projects in green energy are leading energy enablers & service suppliers to...

Schroders Greencoat’s 25% purchase values London Array at £2.89 billion

Investors Greencoat UK Wind plc are buying Orsted's quarter stake in the London Array offshore wind farm, aided by other funds also managed by...

Octopus stretches seawards, targets £15 billion of turbines by 2030

The generation arm of renewables mega-investors Octopus Energy today announced its intention to splash a massive £15 billion – or $ 20 billion -...

Tata induced to build UK’s biggest EV battery factory in Somerset

Ministers were celebrating this morning the decision of a consortium led by Indian conglomerate Tata to invest over £4 billion into a factory making...

Em(sea)-bedded carbon: “Strong appetite” for marine CCUS hubs, Crown Estates find

Developers north & south of the Border are eager to use Britain’s seabed as sites for carbon capture, use & storage (CCUS), a poll...

“Move fast, and build things”: NG-ESO unveils 2023 Future Energy Scenarios

Lack of political will, not cash nor technology, is Britain’s drag anchor holding back “the network transformation of our lifetimes”, the boss of power...

Adaptogen’s battery fund nets £207m, over-subscribed by 18%

Another capital-raising exercise to fund grid-scale batteries on Britain's power networks has been over-subscribed by London investors. Adaptogen Capital said this morning it has attracted...