Octopus sucks in $550 million, stretches tentacles further
Existing investors are backing privately-held Octopus Energy Group by injecting a massive $550 million of new funds. Expansions both territorial – deeper into continental...
Profits soar at Centrica & Shell
Energy supermajors Centrica and Shell pleased investors today but antagonised customers and politicians, reporting soaring profits. British Gas’s owner declared its first dividend for...
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...
Powerhouse progresses deal for EfW joint venture in Poland
Further details emerged today of a proposed deal enabling power-from-waste pioneers Powerhouse Energy to launch their intended joint venture in Poland.
Under outline terms agreed...
Ørsted snaps up first Irish solar farm
Danish renewables developer Ørsted today cast more sunlight on its intended diversification away from its core wind turbine business, as it snapped up its...
US distribution, plus fresh investment, robes solar-with-thermal pioneers Naked in western splendour
Unique solar-electricity-with-thermal-heat (SPVT) pioneer Naked Energy today received investment and a distribution deal, opening a route into America’s newly energised green power sector.
The unexpected...
SSE Renewables blows into Mediterranean, pays Siemens-Gamesa £528m for 3.8GW of wind plays
Fast-growing SSE Renewables has completed the purchase of Siemens Gamesa’s 3.8GW portfolio of wind projects across southern Europe.
The clean power division of SSE, Scotland’s...
“Sun more, up top!” Double-decker bus kit takes biscuit
It always happens. You wait ages for a story about electric buses, and then three come along, all at once.
On the heels of Ulster-based...
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...
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...
Great British Energy: Labour would launch nationally owned green powerco in Year 1, says...
Sir Keir Starmer today pledged to launch a nationalised clean energy company in competition with existing suppliers and within the first year of a...
Gresham & Octopus: places in the sun, riffled by a German breeze
Two leading renewables investment funds today turned in sun-kissed, wind-burnished figures for 2022’s first half, storing up wealth for their backers.
Gresham House Energy Storage...
Ofgem: Britain faces possible “gas supply emergency” over winter
Gas supplies to keep the UK’s lights on and homes heated face a ‘significant risk’ of running short this winter, the nation’s energy regulator...
Italian jobs: Octopus twins with Milan’s Nexta Capital
Octopus Energy Group’s continental European adventure turned south east today, as the renewables mega-developer returned to Italy, unveiling a collaboration deal with Nexta Capital,...
Equans & HM Government prime efficiency start ups with £2 million
Equans, the corporate energy & facilities management advisory offshoot of French-parented power giant Engie, is backing two British start ups in IT, targeting energy...
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...
Britain lags in race for renewables, says new REA study
As Premiership players begin their break over the five weeks of Qatar’s controversial World Cup, away from football Britain already languishes in Europe’s “relegation...
Teachers strike in Scotland, eh?: Canucks pile on to a quarter of SSE’s pylons
Snowy-booted visitors from northern America today descended once again on the snowy-booted electricity engineers of north Britain, as a big Canadian public-sector pension fund...
Thanks, Vladimir: Solar PV to replace coal as planet’s top power source by 2027,...
Renewables will be the world’s main source of electricity as early as 2027, the United Nations’ energy authority states bluntly today.
In its global survey...
Planners green-light Britain’s biggest battery, and first CCUS plant in Lincs
Innovative generation projects on opposite sides of Britain have this week received planning approval, speeding innovation in the nation’s dispersal and deployment of practical...