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Energy
Drax Signs Landmark US Biomass Deal for Sustainable Aviation Fuel Production
British power giant Drax has secured a groundbreaking agreement to supply over one million tonnes of woody biomass annually to Pathway Energy, marking its strategic entry into the sustainable aviation fuel (SAF) sector in the United States.…
Norway Seeks to Sever European Power Links as Energy Costs Hit Record Levels
In a dramatic shift of energy policy, Norway's ruling coalition parties are pushing to disconnect power links with Denmark and potentially renegotiate agreements with the UK and Germany as domestic electricity prices reach unprecedented…
SSEN Transmission Unveils £31 Billion Pound Grid Investment Plan for Northern Scotland
In a landmark announcement, SSEN Transmission has submitted ambitious proposals to regulators, outlining plans for a £31 billion upgrade to the electricity transmission network across northern Scotland. The comprehensive investment…
UK Energy Bills Set to Rise to £1762 Pounds in April Price Cap Review
British households are bracing for another increase in their energy bills, with the typical annual dual-fuel bill projected to rise by 1 per cent to £1,762 when Ofgem updates the price cap in April, according to forecasts from energy…
UK Renewable Energy Set to Surpass Fossil Fuels in Historic Power Shift
Renewable energy is poised to dominate the UK's electricity generation landscape this year, marking a significant milestone in the nation's transition towards cleaner power sources. According to research from think-tank Ember, wind, solar,…
EU Moves to Block UK Access to European Energy Market Despite Industry Protests
Brussels has issued guidance to EU member states advising against granting the UK expanded access to the bloc's electricity markets, despite warnings from industry leaders that this stance could result in higher energy costs and impede…
Keir Starmer Seeks Saudi Investment During Controversial Gulf States Visit
Labour leader Keir Starmer is set to meet Saudi Arabia's Crown Prince Mohammed bin Salman during a diplomatic mission aimed at securing crucial infrastructure investments for Britain. The high-stakes visit, commencing this weekend,…
National Wealth Fund Sets Sights on Battery Gigafactory Investment
The UK government's National Wealth Fund (NWF) is positioning itself to support a domestic gigafactory, marking a significant move in the Labour administration's green energy investment strategy. Under the leadership of newly appointed…
How The Worlds Largest Offshore Wind Company Lost Its Way
Denmark's renewable energy giant Ørsted has witnessed a dramatic fall from grace, with its market value plummeting roughly 70% since 2021. The company, once heralded as a pioneer in the transition from fossil fuels to green energy, now…
Shell and Equinor Join Forces to Create North Sea Oil and Gas Powerhouse
In a landmark deal announced today, Shell and Norwegian state-owned Equinor have revealed plans to merge their UK oil and gas assets, establishing what is set to become the largest independent producer in the mature North Sea region.
The…
Shell Announces Withdrawal From New Offshore Wind Development Projects
In a significant strategic shift, Shell has declared it will not pursue any new offshore wind projects, marking a notable retreat from renewable energy initiatives under the leadership of Chief Executive Wael Sawan. The oil major confirmed…
Sizewell B Nuclear Plant Life Extension Could Power British Homes Until 2055
Britain's nuclear power landscape faces a pivotal moment as EDF contemplates extending Sizewell B's operational lifespan by two decades. The £700 million investment would secure the plant's future until 2055, maintaining its capacity to…
Private Equity Giants Set Sights on UK Smart Meter Provider Calisen in £4 Billion Pound Deal
A significant shake-up in the UK's smart meter industry is underway as private equity group EQT and Singapore's sovereign wealth fund GIC prepare to acquire Calisen in a deal valued at approximately £4 billion.
The Manchester-based smart…
Moroccos Ambitious 4000km Subsea Power Cable Project Could Transform UK Energy Landscape
In a groundbreaking development for Britain's renewable energy sector, former Tesco chief Sir Dave Lewis is spearheading an extraordinary venture to construct the world's longest undersea power cable, connecting Morocco's abundant solar…
UK Nuclear Renaissance Springfields Plant Poised for Uranium Conversion Restart
The case for restarting one of Britain's largest nuclear facilities has strengthened significantly amidst Russia's withdrawal from uranium fuel supply chains, according to the site's joint owner. The Springfields nuclear site in Preston,…
UK Households Face 21 Pound Energy Price Hike as Ofgem Raises Price Cap for January
British households are bracing for another increase in their energy bills as Ofgem announces a 1 per cent rise in the price cap, pushing typical annual costs up by £21 to £1,738 from January 2025.
The regulatory adjustment, marking the…
BP Gives Green Light to $7 Billion Dollar Indonesian Gas Development Project
British energy giant BP and its partners have approved a substantial £7 billion gas project in Indonesia, marking a significant expansion of their liquefied natural gas (LNG) operations in the Asia-Pacific region. The investment…
UK Energy Bills Set to Rise by £19 Pounds in January 2025 as Cornwall Insight Revises Forecast
British households are bracing for another increase in their energy costs as mounting international competition for gas continues to drive prices upward. Cornwall Insight, a leading energy consultancy, projects that Ofgem will announce a…