BP’s Q1 profits 50% up, despite £16 billion Rosneft hit
Fossil fuel supermajor BP has posted underlying Q1 profits of nearly £5 billion, up 50% year on year, despite taking a £16 billion loss...
Octopus’ Kraken awakes, stretches beyond energy into water & broadband
Energy transaction platform Kraken is venturing beyond administering energy accounts, reaching today into other utilities such as telecoms, water & broadband.
Described as ‘cloud-native’, Kraken...
Octopus pledges £1.5 bn to Japan & Asia
Green power mega developer Octopus will invest £1.5 billion in Asia’s energy markets by 2027, helping speed the region’s transition to cleaner, smarter energy.
The...
Octopus now officially UK’s No 1 electricity supplier, deflates B Gas
Only eight years after starting up, Octopus Energy is now the UK's biggest power supplier, official figures just released reveal.
Greg Jackson’s bouncy renewables-to-heat pumps...
‘Renewables acting like baseload’: Octopus joins Essex-based £16 Bn pipeline to Morocco
Green mega-investor Octopus is teaming up with Billericay-based energy entrepreneurs seeking to pump renewable electricity from southern Morocco to Britain.
Essex start-up Xlinks announced in...
Holyrood bets £9m on Morocco power line, primes 900 Hunterston jobs
Scotland’s part was confirmed today in high private sector ambitions to pump low carbon Moroccan wind- and solar-derived electricity to Britain under thousands of...
Konnichiwa, Kraken ! ‘Ows tha doin‘, Coventry?
Staff at fast-growing Octopus Energy were today celebrating two business successes, saluting separately the mystical Orient and the somewhat less mystical West Midlands of...
Octopus deepens presence in France
Britain’s third-largest energy supplier Octopus Energy is to invest Euro 1 billion in France’s green energy market over the next two years.
The investment will...
Can-ada-do: Octopus’ service platform takes toehold in New Brunswick
Kraken, the fast-growing utility service provider at the heart of Britain’s Octopus Energy, has signed its first licencing deal in Canada.
Headed by Devrim Celal,...
Piclo flexes to the Max, plans global trades for 2024
Trading platform provider Piclo is readying for launch a product that will enable its clients to trade flexibility capacity on global markets.
Starting in the...
Aquind directors’ past re-emerges, as Portmouth deal confirmed
Campaigners fear a deal made this week by Portsmouth City Council is reviving plans from a development firm linked to a prominent Conservative donor...
GE’s energy investment house buys into Essex-based Xlinks mega-venture
The investment subsidiary of former US engineering behemoth General Electric confirmed today its purchase of a $10.2 million stake in Xlinks, the £16 billion...
Drax preps US-based BECCS division to speed global carbon removal
Biomass energy leviathan Drax is targeting global leadership in carbon removal, as it sets up an independent unit to drive development of its new-build...
New boss for Morocco-to-Devon solar & wind venture
Xlinks, developers of a £16 billion scheme to pipe solar & wind power from Morocco to Britain, have a new CEO.
James Humfrey, pictured, has...
Essex-based world’s longest power cable venture appoints project engineers
Xlinks, the Billericay-based clean energy innovators planning a £16 billion venture to pipe solar and wind power from Morocco to Devon, have appointed multinational...
China “to install 2.5GW of green hydrogen projects this year”: analysts Rystad
China will breeze past its 2025 target for 200,000 tonnes of renewable hydrogen a year, as the country is on track to install 2.5GW...
Solar heat-with-power innovator Naked Energy buffs up, targets Portugal and Greece
“Twin solar” technologists Naked Energy are targeting new EU territories with two distribution deals announced today.
In September the Crawley-based firm, founded in 2009 by...
Downing buys 5 Swedish hydro dams
London-quoted investment trust Downing Renewables Infrastructure DORE has paid £6 million to complete the purchase of five hydropower plants in Sweden.
The dams, including one...
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...
Britain heads Europe’s offshore turbine boom, says trade group
2023 was the best year on record for new marine wind power across Europe, trade body WindEurope reports. A total of 4.2GW of offshore...