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...
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...
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...
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...
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...
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...
Energycos seeking public guarantees must have a Net Zero strategy, says Bank of England
Beleaguered energy retailers seeking public financial support to underwrite their hedging of gas and power trades must show Treasury civil servants their detailed plans...
DX Express ties Silva ribbon to go electric in London
Courier firm DX this morning told investors its London parcel delivery fleet will begin a switch to electric vehicles, care of an alliance with...
Notts ex-coal plant picked for nuke fusion trial
EDF’s former fossil-fuelled power station at West Burton in Nottinghamshire is to host a pilot plant for nuclear fusion.
The government is providing £220 million...
Ecosia’s search wave finds sharers Ripple, seeks more ethical corporates
Sustainable web searchers Ecosia made waves today in consumer-owned British electricity, pumping Euros 250,000 into Ripple Energy, the funding innovators dedicated to boosting small...
Fracking ban lifted, as D-BEIS confirms 100 new North Sea licences
The government this morning tore up a manifesto commitment, rescinding Britain’s 2019 moratorium on onshore fracking for gas, citing the need to increase national...
A climate-neutral car this decade? Pensana & pals plot progress to Polestar 0
Sustainable rare earths and magnets firm Pensana is teaming up with Polestar, Volvo’s EV division, to build the world’s first climate-neutral car by 2030,...
Decentralised renewables “needed more than ever”: Good Energy boss
Nigel Pocklington, pictured, unveiled interim results for 2022’s first six months, showing the now generation-free retailer and service operator posting a pre-tax loss on...
Octopus legs it deeper into Lincs, surfaces onshore in Germany
The quoted trust driving expansion for European renewables hyper-investor Octopus reached further into Lincolnshire’s biggest offshore wind farm this morning, at the same time...
Foresight Solar ahead 14.4%, half year to June
Solar electricity and storage investor Foresight Solar Fund advanced 14.4% in net asset value in 2022’s opening six months, it announced today.
The nine-year old...
Speed up decarb efforts now and save “trillions” by 2050, Oxford study urges ...
Pushing still harder to decarbonise the world’s energy supply by 2050 promises to strip as much as $12 trillion – or £ 10.34 trillion...
Bills crisis: Truss starts split of power prices from gas costs, protects oil extractors,...
The first act of Liz Truss’ government opened this morning, with the prime minister announcing her much-trailed package to ease the crisis of rocketing...
RES wins planners’ blessing for 100MW Durham battery
Clean energy developer RES has secured planning permission to progress a 99.9MW battery close to an existing substation near Spennymoor, County Durham.
The mega-device is...
Plymouth in frame for Carlton Power’s third green H2 hub
The gas synthesising firm has secured planning permission for its third planned green hydrogen plant, a 10MW facility to be located in the Langage...