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Energy
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,…
Geologists announce the beginning of a ‘Gold Rush’ for hydrogen energy
Scientists are predicting the beginning of a "golden age" in energy for a resource that was previously overlooked -- naturally occurring hydrogen.
According to a study unpublished by the US Geological Survey, underground reservoirs…
British Gas profits increase tenfold as millions struggle with bills
Centrica's recovery has been aided by the energy crisis. The profits for British Gas' owner were nearly £2.8 billion in 2018. This is a drop from the £3.3 billion record set in 2022 but still second in group history.
British Gas was one…
Shell: World to increase demand for LNG
Shell forecasts that the global demand for liquefied gas will increase by over 50% by 2040, as people switch to cleaner energy sources.
The oil major's latest energy outlook suggests that global demand will peak in 2040, with the growth…
Ship shortage delays Britain’s largest wind farm
The completion of Britain's largest offshore Wind Farm will be delayed by an entire year due to a chronic lack of construction vessels.
According to the developer of Dogger Bank, SSE, it has been affected by significant disruption due to…
Scientists from Europe set a record for nuclear fusion energy
Scientists in Europe have achieved a new record for energy produced by nuclear fusion. This is another step forward in the decades-long quest to harness the reaction that powers our sun.
Researchers at the Joint European Torus Facility…
The new battery technology could allow electric cars to travel 1000 km on a single charge
Scientists say that a breakthrough in lithium-ion batteries using small silicon particles and gel polymers could lead to electric cars capable of traveling over 1000 km (over 600 miles) on a charge.
range-anxiety, or the fear of how long…
Britain could have a commercial nuclear fusion reactor “as early as the 2040s”
STEP's engineer hopes to win the race against global rivals for clean, limitless power.
According to the engineer in charge of the UK's latest scheme to achieve the dream of unlimited clean energy, a commercial nuclear fusion plant could…
Investor attacks BP over ‘irrational switch’ to clean energy
Oil giant accused of leaving shareholders £40bn worse off with unrealistic strategy
After an activist investor claimed that they had left shareholders £40bn worse off, BP faces new demands to scrap the "irrational", net zero commitments…
Construction delays hit the planned Russian gas pipeline from China to Russia
The construction of the Kremlin’s long-planned Mega-pipeline linking Russia’s western gasfields to China will be delayed, according to the Prime Minister of Mongolia. This is a blow for Moscow’s plans to secure new markets for the gas that…
The French government is pressing the UK to fill a multi-billion-pound gap in nuclear projects
The French government wants the UK to plug a multi-billion-pound budget hole for nuclear power projects that are being built by France's electricity provider EDF in Britain.
The UK's request for a contribution is likely to create…
EDF says Hinkley Point C may be delayed until 2031, and could cost up to £35bn.
Hinkley C , the owner of , has blamed Brexit, Covid and inflation for its announcement that it could delay and cost £2.3bn another nuclear power plant.
France’s EDF announced that the plant in Somerset is expected to be completed by…