Lloyds is UK’s first bank to shun fossil fuels
Lloyds Banking Group has become the first full-service British bank to walk away from directly financing coal, oil and gas projects.
New North Sea greenfield...
Wandsworth warms pension pot with £80 million renewables stakes
South London’s Wandsworth council announced today it is pledging up to £80 million of its £2.6 billion pension pot to two renewable energy investment...
First big lithium refinery outside Asia announced for Teesside
Business secretary Grant Shapps today delighted Britain’s battery makers and EV chargers, travelling to Teesside to announce plans for Europe’s first ever large-scale refinery...
UK falls from EY’s podium of 40 most attractive nations for clean energy cash
Britain has dropped one place to fourth – behind Germany, - among 40 major economies ranked by global consultants EY in their latest RECAI...
Gas operating profits rise fourfold at SSE during six months to September
Operating profits from the gas and thermal energy division alone of vertically integrated generator-retailer SSE soared to £248million on an adjusted basis in the...
Energy industry slates Chancellor
Generators, retailers and advocates for British energy lined up this morning to voice disquiet and quiet dismay over chancellor Jeremy Hunt’s tax raises on...
May sounds British firms’ “mayday” for 1.5 degree cap on planet heating this century
Former prime minister Theresa May today led calls from British businesses to keep the 1.5 degree Paris climate target alive, as the UN climate...
Bring us 1 GW of European batteries, sing duetting RPC and Eelpower
A Europe-facing investment fund already a quarter of the way to its target of 1GW of grid-scale power storage made its market debut today.
RPC’s...
Swipe left: Sunak ‘may reverse’ England’s onshore wind ban, as Octopus’s app romances 2.3GW
Winder, retailer Octopus’s social app seeking new homes for onshore turbines, reckons it has discovered willing host communities offering new generating sites equivalent in...
Octopus buys rooftop solar firm Zestec
Ever-expanding integrated clean power supplier Octopus Energy Generation has completed the purchase of on-roof solar developers & managers Zestec.
With a pipeline of over 100...
Government backs clean avgas firm Velocys with £29.5 million
Sustainable aviation fuel innovator Velocys today saw its share price surge 19%, as it celebrated securing two government grants totalling nearly £30 million in...
New green jobs surging at four times standard vacancy creation, say PwC
Global accountants PwC calculate that Britain’s creation of green jobs is running at four times the creation rate for other vacancies.
The consultancy firm’s “Green...
Government finds £102 million at Christmas to prime new nuclear & hydrogen
The Sunak administration today presented early gifts to investors in nuclear power and advanced hydrogen, finding parcels of £77 million and £25 million respectively...
Scots on top: renewable output up 55% in September quarter, capacity up 11% in...
Scotland’s output of renewable electricity rose 55.3% year on year for the three months to September 2022, on the back of an annual 11.4%...
“Gneiss to see you!”: power storers Gravitricity ask financiers to drop in
The Edinburgh-based weight droppers kicked off this year by unveiling their FlexiStore hydrogen storage technology as a new product alongside their existing gravity-based technologies.
The...
Will EV drivers credit it? Subscription service Onto lines up £100 million from backers
Electric car subscription service Onto has secured new credit funding of £100 million from global investors, spurring expansion of its “ don’t lease; subscribe”...
Scots hill to roar with power, as Tag tags Santander for big battery
Power storage provider TagEnergy has secured funding for its fourth amp-amungous crèche-for-coulombs in the UK, the 49.9MW/100MWh Roaring Hill development in Fife.
Santander UK are...
Faraday Challenge hands out £27.6 million to battery innovators
Projects exploring battery recycling, digital twins, new battery materials, and new manufacturing techniques have received funding from the government’s Faraday Battery Challenge.
From digital twins...
Challenger: REA parks tank on Hunt’s lawn, awaits Spring Statement
Britain’s largest trade body for green energy has set out its stall, outlining its expectations of chancellor Jeremy Hunt’s Spring Statement, due in six...
Czechs write cheque to buy InterGen
Independent power producing major InterGen has been sold by its parent company to Czech investors Creditas Group for an undisclosed sum.
With over 25 years’...