Browsing Category
Energy
SSE, the UK’s largest developer of wind farms, rules out onshore turbines
SSE boss says too few protests and not enough space are the reasons for its decision
The UK's biggest wind farm developer ruled out the construction of new onshore windfarms in England and Wales, a blow for the Government's…
RWE’s chief says Hinkley point C delays raise “big questions” about nuclear power
The chief executive of Britain's largest power producer has warned that the cost overruns at Hinkley Point C and delays raise "big questions" regarding investment in new nuclear projects.
Markus Krebber is the chief executive officer of…
Energy supplier tries to overturn the new Financial Resilience Rule
After a number of failures, a leading British household electricity supplier wants to reverse new rules that were intended to boost the financial resilience of suppliers.
Utilita has around 800,000 clients and argues the regulator…
The future of nuclear power is in danger
Sam Altman (in)famous OpenAI founder posted on social media a picture of an elegant A frame wooden building in a lush tropical setting.
It looks like the weekend home of a billionaire. The image is actually the putative design of a small…
Shapps warns that forcing ‘luxury heat pumps’ on homes could lead to backlash, says…
Forcing British households to adopt "luxury" heat pumps risks triggering a backlash akin to a rebellion by Germans over the country's boiler ban, the UK's biggest gas network operator has warned.
Angela Needle, director of strategy…
The world’s first ever wind-powered cargo ship sets out on its maiden voyage
The world's very first wind-powered cargo ship has set off on its maiden voyage. It may lack the romanticism of the multi-masted clippers but it is still a significant achievement.
The Pyxis Ocean bulk ship from Mitsubishi has giant…
Study finds UK will fall behind in the growth of low carbon power output
According to a new study, the UK is likely to be behind the other major economies in terms of growth for the next decade.
The output of electricity from renewables and nuclear is expected to increase by an average of 2.9% per year in the…
Why Britain is falling further behind in the race to build the world’s first nuclear-fusion…
When forced to work with'shoestring funding', academic excellence is not enough
Nick Hawker immediately understood the significance of this news when he heard that US scientists had once again successfully produced energy by…
Republican districts dominate US investment in clean technology
Republican-controlled areas of the US are dominating a rush of clean technology project investment as President Joe Biden goads opponents for "claiming credit" for the jobs boom despite their efforts to block his landmark climate…
Orsted warns that the UK will find it difficult to attract new offshore wind projects.
Chief executive of the largest offshore developer in the world, Mr. David McKay, has warned that the UK government is unlikely to be able to attract any new offshore wind projects during its current auction round due to recent steep cost…
China aims to dominate the trade in clean energy metals
China wants to dominate trading in lithium carbonate futures as it tries to take the financial infrastructure linked to metals that are vital for the clean energy revolution from the dollar-based western financial system.
The Guangzhou…
BP’s plan for wind farms without subsidies
BP is considering building two huge offshore wind farms in British waters without government subsidy contracts in what would be a first for the sector.
Bernard Looney, the energy group's chief executive, said it could start building the…
France is Europe’s largest energy exporter, as British demand increases
The country's nuclear power company finally fixes the cracks in its aging fleet of reactors
France is now Europe's largest energy exporter, thanks to a surge of British demand. This comes after France's nuclear power operator,…
US scientists confirm fusion power breakthrough
Scientists from the US government have for the second consecutive time achieved a net energy gain during a fusion process. This result will fuel optimism about the progress being made in the quest to achieve limitless zero-carbon energy.…
BP raises dividend despite 70% profit drop
BP increased its dividend and announced more share buybacks even as earnings slumped 70 per cent from the record levels set last year.
The UK-listed energy major was the last of the large western oil and gas groups to report half-year…
New projects approved by industry call for UK to accelerate carbon sequestration
After Rishi Sunak's pledge to maximize oil and gas production on Monday, the UK energy industry has called for ministers to increase their support of this nascent market to capture carbon dioxide emissions.
The prime minister had earlier…
British Gas profits £1bn after Ofgem allows it to charge higher bills
British Gas has seen its profits increase tenfold since Ofgem permitted the company to earn more from household bills.
The company, which supplies 10 million British households and businesses reported a record half-year profit of…
The UK regulator has tightened the rules for energy suppliers.
The UK regulator is imposing tougher regulations on energy suppliers to increase their financial stability. This is to prevent a repeat of a market crash that caused dozens of companies with low capital to collapse during the recent energy…