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Energy
British Gas backs a ‘liquid-air’ energy project worth £300m
British Gas' owner has supported a groundbreaking plan to build UK's first commercial project for energy storage using liquid air. The fundraising effort is expected to raise £300m.
Highview Power revealed that Centrica was part of a…
Energy watchdog warns of a’staggering oil glut’ by the end of the decade
International Energy Agency warns that the world will face a "staggering surplus" of oil by the end decade. This is equivalent to millions of barrels per day as oil companies continue to increase production.
The IEA's annual report on…
Italian company to target Britain with 20 mini-nukes
A new Italian energy company is planning to build 20 mini-reactors in the UK to capitalize on the expansion of nuclear power in the country.
Newcleo aims to build up to six mini-nukes in Britain. These sites will all be located near…
IEA: Investment in clean energy will likely be double that of fossil fuels by 2024.
According to the International Energy Agency, global investment in low carbon electricity will increase by 10 times more than fossil fuel power in this year as a result of an increase in solar projects.
Global energy watchdog predicts…
Energy bills to remain high until 2030 because of old power plants
Energy analysts warn that Britain's aged fleet of nuclear and gas power plants will continue to drive up prices until the end the decade. Prices are predicted to rise in order to cover the gaps in renewable energy production.
Cornwall…
US energy company preparing to build mini-nukes on the North
The freeport of Teesside and a business-park on the outskirts Birmingham were listed as potential locations for a plant that will build a next generation of mini nuclear power plants.
Holtec, a developer from the United States, announced…
The nuclear waste will be stored at a depth of 650ft below the English countryside
Ministers have agreed to start digging a 650ft deep pit in England this decade.
The facility has not yet been allocated a location, but it will house some of the 5m tonnes of waste generated by nuclear power plants over the last seven…
South Korean nuclear developer talks with UK to build plant
It has been revealed that South Korea's nuclear state developer discussed the construction of a multi-billion-pound plant in Wales, with the UK government.
Kepco, South Korea's largest utility company, has had early-stage talks with…
UK cancels plans for the country’s largest hydrogen home heating trial
The UK government has scrapped plans for Britain's biggest trial of using hydrogen gas to heat homes. This is the latest blow for the use of the gas as part the transition to net zero.
Ministers announced that they would stop preparatory…
Port Talbot can be re-energized by floating offshore wind farms
A 40mph wind blows in Port Talbot on a sunny day, causing white horses to froth in the bay. Offshore wind turbines in the North Sea would be spinning furiously. The Celtic Sea is too deep for turbines to be attached to the seabed. This…
The cost of HS2 is now higher than the nuclear graveyard undersea
The long-delayed plan to store radioactive waste produced over decades
The UK's largest, most expensive and longest-lasting infrastructure project is expected to be a vast nuclear graveyard subsea that will hold Britain's growing piles…
Water-based batteries could be the answer to our energy problems
The UK has an issue with wind. We have wind too often, which causes our turbines to spin ineffectively, wasting their energy.
The solution would be to store the energy in batteries, and then release it as needed. The lithium batteries…
Gazprom suffers its worst loss for decades due to a collapse in sales to Europe
Gazprom, the Russian energy giant, has suffered its worst loss in more than 25 years after gas sales have been cut in half as a result of Vladimir Putin's Ukraine war.
The Russian president's invasion in Ukraine, which has caused the…
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…