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Energy
The “twisted donut” reactor could help bring nuclear fusion closer
A new reactor design may help commercialize super-fuel
A task force created by the King may have brought nuclear fusion one step closer with a new design of a reactor that looks like a doughnut twisted.
The stellarator reactor offers…
The world’s largest floating wind farm will be built just off the Scottish coast
Off the coast of Scotland, the world's largest floating offshore wind farm will be constructed to power North Sea platforms that pump fossil fuels into the UK.
Green Volt will consist of 35 wind turbines that will generate 560MW…
First time in decades, the biggest oil discovery to come out of the North Sea will be drilled
A UK energy firm is about to begin drilling in the largest oil field found in the North Sea for at least 20 Years despite a crackdown of net zero on the industry.
EnQuest has plans to bring on two fields that have the capacity to produce…
Vitol reports another strong year with profits of $13bn
Energy prices dropped from their record highs, resulting in a $2 billion drop in profits for Vitol.
According to people familiar with the group's finances, it has a net profit of $13 billion. This is down from its record profit of $15…
The UK’s first prototype could pave way for energy that is available all the time, even from…
A prototype built on Earth has helped a company that hopes to launch the world's first solar farm in space reach a crucial milestone.
Space Solar, based in Oxfordshire, plans to power over a million homes with a mile-wide array of…
Gas storage in the EU reaches record levels as winter ends
The winter storage of natural gas has reached record levels in Europe, which puts the region in an excellent position to overcome the energy crisis that has dominated the continent for over two years.
Gas Infrastructure Europe, the…
As Treasury “stifles” offshore wind, energy prices could rise
A new report claims that consumers could see their energy prices rise further because the government is blocking the development of offshore wind power.
The Energy and Climate Intelligence Unit said that the ministers' budget is not…
Wind farms investigated for ‘overcharging by £100m customers’
Wind farms owners are under investigation by the energy watchdog over alleged market manipulating after being accused of charging consumers more than £100m.
Ofgem will investigate claims that renewable energy companies artificially…
The world’s largest solar company is cutting thousands of jobs due to falling prices
Solar panel manufacturers are set to cut their workforce by almost one-third as they struggle with an oversupply of panels and fierce competition.
Longi Green Technology Energy, a Chinese company, plans to reduce its staff by 30pc in a…
Morocco Renewable Energy Project looks to Germany instead of UK
The company that is behind the multi-billion pound project to export electricity from Morocco has considered an alternative option of sending electricity to Germany rather than Britain.
Xlinks' leaders, including Sir Dave Lewis, former…
With the acquisition of pipelines, EQT will create a $35 billion integrated gas group.
US natural gas producer EQT announced that it would purchase a pipeline company it had previously owned. This will create a $35bn fully integrated company. The domestic energy industry continues to be awash with mergers and acquisitions.…
Decision over first mini-nuke sites delayed amid legal action fears
Great British Nuclear (GBN) has postponed deciding where to build the first mini-nuclear power reactors until after the next elections due to concerns about potential lawsuits from contestants.
The agency in charge of promoting a "nuclear…
Harbour Energy suffers from lower gas prices
After lowering its natural gas price projections, Britain's largest oil and gas producer anticipates generating less free cashflow this year than expected.
Harbour Energy's free cashflow will be "marginally" positive after cutting its…
Profits at Britain’s largest power station rocket following surge in energy costs
Profits for the operator of Britain's biggest and most controversial power plant have increased by more than tenfold as a result of higher energy prices.
Drax's profits before tax in 2023 will be £796m, compared to £78m a year earlier.…
The British are at risk of blackouts due to delays in the construction of French nuclear reactors
Analysis finds that UK faces a 'crunch-point' due to delays at Hinkley Point C and the closure of other nuclear plants.
New research warns that delays to French-built nuclear reactors will put the UK at risk of blackouts in 2028.
The…
Exploring Pantheon Resources PLC Post-AGM Investor Presentation Highlights
On January 24th 2024 Pantheon Resources PLC held a post-AGM investor presentation, providing insights into their ongoing projects and future plans. Here's a breakdown of some key highlights from the discussion points
Dominic Raab warns that China could push up UK energy prices further.
Dominic Raab warned that unless Western governments are able to break China's stranglehold on critical minerals required for the green energy transformation, households will face higher bills.
Former foreign secretary and deputy prime…
The world’s largest solar company warns the west against cutting out Chinese suppliers
Solar panel manufacturers in Europe and the US have warned against excluding Chinese companies from renewable energy supply chains.
China dominates the solar manufacturing industry, with more than 80 percent of global production,…