According to the official standards body of the industry, in 2023 heat pump installations will reach record levels, as well as rooftop solar panel installations. Last year, almost 190 000
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Chesapeake Energy agreed to purchase Southwestern Energy for $7.4bn in an all-share transaction. This will make the company the largest US natural gas producer. With an enterprise value of approximately
EDF Energy, the French state-owned company, announced Tuesday that four of Britain’s declining fleet of nuclear plants will remain in operation for at least two more years. The operator said
Today workers will start knocking down West Burton A, a coal-fired power station on the Nottinghamshire-Lincolnshire border that gave its final sparks of electricity to the grid last March. West
The UK’s net-zero goals have suffered a serious setback as the nuclear power production in Britain has fallen to its lowest levels since 1982. According to data released by the
The regulator increased its price cap to reflect the rise in gas prices on the global market. This change will take effect on 1 January 2024, which means that average
Harbour Energy, listed in the UK, has signed a $11.2bn agreement to purchase Wintershall Dea’s oil and natural gas assets. The deal was backed by German investment firm LetterOne and
Octopus Energy raised $800m from its shareholders, valuing the company at almost $8bn. This comes just weeks after Octopus Energy became Britain’s largest power supplier. Existing investors such as Tokyo
A plan to use hydrogen to heat homes in a village in North-East England has been canceled after months of opposition. Insufficient hydrogen production in the area will prevent the
Net zero would shrink Britain’s economy by £60bn and cause the global economy to be $3.6 trillion (£2.8 trillion) smaller, according to the Organisation for Economic Cooperation and Development. Eliminating
Workspace Group, a corporate landlord, has made an agreement with Europe’s largest renewable energy generator to provide solar power for their offices in London. Workspace, a flexible office provider, has
The contract for the 190km superhighway will cost £1.8bn. It is designed to transport renewable energy from Scotland up to the north of England. National Grid and Scottish Power will
The United Arab Emirates purchased a 49% stake in a major British wind farm, even though increasing costs have raised concerns about the industry’s future. Masdar, the company owned by
The government agency responsible for cleaning Sellafield nuclear waste in Cambria was put under “special measures” due to not meeting cyber-security standards. The Office for Nuclear Regulation is investigating Sellafield
Vauxhall’s owner Stellantis has been in discussions with a Chinese manufacturer of batteries to build an European factory for auto cells, despite warnings from its chief executive about the danger
Northvolt claims to have made a breakthrough with a new battery for energy storage. The Swedish start-up company believes that this could reduce the reliance on China in the green transition.
