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Energy
Battery manufacturers aim to ease EV anxiety with 5-minute charging
Asian battery manufacturers are racing to create new "superfast charging cells" for electric vehicles. These will allow refuelling cars as quickly as they can fill up with petrol or diesel. China’s CATL, and Gotion High Tech are launching…
SSE delays Dogger Bank Wind Farm
The first phase of an ambitious project to build the largest wind farm in the world on British waters was pushed to the second half next year.
Dogger Bank A was to be completed in the six-month period leading up to the end September. It…
Sellafield fined nearly £400,000 for cybersecurity failures
Sellafield must pay nearly £400,000 to settle criminal charges brought against it for years of cyber security failures at Britain's largest and most dangerous nuclear site. According to the regulator who brought the charges, the vast…
The North Sea Forties Pipeline of Jim Ratcliffe will be closed 10 years earlier than planned
Ineos chief warns that oil tax raids and drilling restrictions could'suffocate' the industry. A North Sea pipeline system that is vital to the economy could be closed a decade sooner than expected due to 's tax raid. According to its CEO,…
BlackRock and Microsoft to invest $30bn in AI infrastructure
BlackRock and Microsoft are preparing to launch an artificial intelligence fund worth more than $30 billion to help meet the growing demand for AI. The fund will be used to finance data centres, energy projects, and other infrastructure to…
Martin Lewis: UK’s smart-meter targets are leaving energy consumers shortchanged.
According to consumer advocate Martin Lewis, the government's "perverse" targets for installing electronic smart meters at homes in the UK are causing energy customers to be shortchanged.
Lewis, the founder and chair of…
BP will sell American onshore wind farm
BP plans to exit the American onshore Wind Market with ten wind farms, as its new boss tries simplifying the business and boosting returns.
The FTSE-100 energy group is selling its existing US onshore winds farms. These wind farms span…
Britain’s Energy Grid Goes Public: Will It Bring Lower Bills and Faster Renewables?
National Grid PLC, the company responsible for operating Britain's electricity grid, is set to sell its electricity system operating (ESO) to the government, marking a significant shift in the energy landscape. This move will see control of…
Chinese startup aims to achieve nuclear fusion for half the price of US competitors
China is racing with the West to commercialise the revolutionary clean energy. A Shanghai-based start-up wants to raise $500mn for the development of cheaper nuclear fusion technologies.
Since decades, nuclear fusion - where hydrogen…
Serica warns that the energy profits tax could hinder North Sea projects
The head of a large North Sea oil producer warned that an "punitive tax regime" would hinder its plans to further invest in Britain.
Chris Cox confirmed, as well, that Serica Energy was also looking to acquire companies outside of the…
Is hydrogen really ready to take flight?
The concrete test track in Bedfordshire is a circular swath through lush countryside. It's usually the place where high-performance vehicles are tested, but last weekend it was a less frantic form of transportation: a hydrogen prototype…
UK needs to invest £1tn over 10 years in order to achieve economic targets
City taskforce says the UK will need to invest £1tn over the next 10 years if it is to meet its economic growth goals.
The Capital Markets of Tomorrow Report, headed by City veteran Sir Nigel Wilson and former Legal & General boss,…
New Offshore Wind Farms to Add Minimal Cost to Energy Bills
Recent forecasts suggest that the impact of new offshore wind farms on household energy bills will be relatively modest. According to predictions by Cornwall Insights, a leading energy consultancy, these renewable projects are expected to…
North Sea Windfall Tax Causing Irreversible Damage to UK Energy Sector
The chief executive of Enquest, a major North Sea oil and gas producer, has issued a stark warning about the detrimental effects of the windfall tax on offshore oil and gas operations. Amjad Bseisu claims that the Energy (Oil and Gas)…
Britains Coal Power Era Ends After 140 Years Marking Milestone in Energy Transition
The United Kingdom is set to close its final coal-fired power station at the end of September, marking the end of a 140-year reliance on coal for electricity generation. This closure is a significant step in the nation's efforts to…
Nuclear Power in Britain Faces Challenges and Opportunities as Labour Takes the Helm
The UK's nuclear power sector is at a pivotal moment as Labour's Energy Secretary, Ed Miliband, prepares to announce the next steps in Britain's nuclear revival. Key decisions are imminent regarding two significant initiatives: Sizewell C…
Record Breaking Renewable Energy Auction Secures Nine New Offshore Wind Farms
The government's first renewable energy auction has resulted in a record-breaking 131 new green infrastructure projects, including nine offshore wind farms. This is a notable increase from the 92 projects approved in the previous auction,…
Chinese Backed Battery Storage Project Approved After UK Security Review
The UK government has approved a significant battery storage project with connections to China after a national security review. Chancellor of the Duchy of Lancaster Pat McFadden has greenlit the development of an 80-megawatt storage plant…