Enfinium pledges up to £800 million for CCUS at Ferrybridge
Energy-from-waste generator Enfinium today promised new investment of up to £800 million in carbon capture (CCUS) technology, centred on one of its four UK...
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...
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...
Ørsted signals final green light for Hornsea 3
Hornsea 3, at 2.9GW the world’s biggest projected wind farm, has won final construction approval from franchisee Ørsted, the developer’s directors confirmed yesterday in...
Statkraft inks CPPA to supply Workspace from 20MW Devon solar farm
Europe’s biggest renewables generator Statkraft has agreed a ten year corporate PPA to supply a hosted office firm with solar power from the 20MW...
GB power prices to remain high, despite drop in short-term forecasts: Cornwall
Analysts Cornwall Insight have cut their short-term power market price forecast by 12%, with average costs for 2024 now predicted to be £113 per...
Octopus invests £200m in Deep Green data centre heat re-use technology
Octopus Energy’s generation arm today announces a £200 million investment in London-based tech disruptor Deep Green to help it rapidly scale its groundbreaking technology...
Enviromena secures £200 million debt, swells 500MW pipeline
Berkshire-based renewable power developer Enviromena has agreed a £200m debt and construction facility with funders Close Brothers to fund its ambitions of building 500MWs...
Wasted wind costing £1bn a year? Green hydrogen can save it, urges Policy Exchange
Too slow deployment of grid upgrades and new storage technologies is costing Britain as much as £1billion a year in wasted renewable power, says...
Clustered small firms share government prizes to de-carb operations
Twelve projects are each set to benefit from their share of up to £6 million in government funds targeted at stripping carbon from industrial...
Councils hail Britain’s biggest solar deal, as Schroders swoops for failed Toucan’s £700m portfolio
Bankrupt Thurrock Council has sold its solar investments for £700 million, offloading the 513.5 MWp portfolio of collapsed developer Toucan Energy.
In a transaction billed...
EVs are single biggest green investment sector, Bloomberg finds, as world lags on Net...
Investments in the world’s switch to a low carbon economy surged 17% in 2023 to a record $1.77 trillion, but still run at around...
Morrisons & MFG prep £2.5 billion EV charging deal
Supermarket firm Morrisons has signed an understanding with Motor Fuel Group (MFG), framing Morrisons' sale of 337 petrol forecourts plus more than 400 associated sites...
Gas over-reliance & connection delays force Gresham House to drop dividend, buy back shares
Gresham House Energy Storage Fund, Britain’s biggest investor in utility-sized batteries, is dropping its last quarter dividend for 2023, as it fights sluggish growth...
£400 million CCUS cement plant progresses in Wales
Building aggregates supplier Heidelberg Materials UK is pressing ahead with plans to spend £400 million, converting Britain’s first cement plant to run on carbon...
Labour ‘to drop £28 billion green spending pledge’
Clean energy leaders & Labour politicians have reacted with dismay tinged with resignation at reports that the party if re-elected later this year will...
Storage investment: TRIG pick Fig Power for £20 million, as LCIF drop in for...
Investment firm the Renewables Infrastructure Group (TRIG) has committed to buy Bristol-based battery projects developer Fig Power for a total of £20 million.
The acquiree...
British Gas profits surge tenfold, Centrica reveals
Shareholders at Centrica, owners of British Gas, will benefit by £144 million in dividends, as the UK-focused subsidiary today revealed profits soaring to £751...
Community energy groups have until Tuesday to share £20 million
The Energy Savings Trust has opened its latest Energy Redress grants up for applications to charities & groups fighting fuel poverty. Across four funding...
Energy-to-waste giant wins D-ESNZ’s green light to progress CCS at Ferrybridge
Energy-from-waste operator Enfinium is moving ahead with plans to install carbon capture and storage (CCS) technology at its giant base in Yorkshire, following designation...