The Centrica Interview: Chris O’Shea, chief executive officer
In our exclusive interview, Centrica boss Chris O’Shea discusses his green ambitions for Britain's multinational energy company.
Centrica prepared to ‘walk away’ from Sizewell C
British energy supplier Centrica is prepared to “walk away” from a planned investment in the Sizewell C nuclear plant, according to its chief executive.
Engie plans green gas plant in Yorkshire to reduce ‘reliance’ on imports
French energy supplier Engie plans to develop a 'green' gas plant in North Yorkshire that will play a role in “reducing reliance on imported natural gas”.
Heat pumps are three times more efficient than gas boilers, research shows
Heat pumps are at least three times more efficient than gas-fired boilers, according to the latest research from two separate UK government-backed reports.
UK industry minister says hydrogen “must be at the heart” of growth plans
UK minister of state for industry, Sarah Jones, has said she is convinced hydrogen should “be at the heart” of plans to grow the economy and reach net zero by 2050.
Women ‘under-represented’ in hydrogen industry
Women are under-represented in the emerging hydrogen sector, according to a report by Hydrogen South West.
Climate Change Committee warns of ‘limited’ progress at UN climate talks
Certain decisions around climate adaptation, mitigation and biodiversity have been deferred until next year.
‘Future looks worse’ for wind curtailment
The UK’s largest renewable electricity supplier Octopus Energy is using AI to address a hold-up in grid connections as the cost of turning off turbines snowballs to £1 billion.
UK’s £14bn energy supply chain is “at risk”, trade body warns
Beama, a trade body representing UK electrical and energy infrastructure manufacturers, has called for urgent reform in a letter addressed to senior ministers Sarah Jones, Ed Miliband and Jonathan Reynolds.
BP loses offshore wind vice president after reducing investment
BP’s senior vice president for offshore wind, Matthias Bausenwein, will depart the oil and gas company following a carve-out of its offshore wind operations.
Centrica decommissions platform at UK’s largest gas storage facility Rough
Decommissioning of a disused platform at the UK's largest gas storage facility, run by Centrica at the depleted Rough gas field off the Yorkshire coast, suggests there's no turning back from plans to redevelop the field to store hydrogen.
BP carves out offshore wind assets
BP plans to carve out its offshore wind assets as part of a joint venture with Japan’s largest power generation company, as oil supermajors move to insulate themselves from share price shocks associated with their low-carbon investments.
Nuclear to play “essential role” in clean power plan, Ed Miliband says
The UK’s energy secretary said modular reactors could fuel a “fourth industrial revolution”, with recent interest in the sector “supercharged by the rise of AI”.
Starmer rows back from 100% clean power by 2030
Prime Minister Keir Starmer has diluted the wording of the UK’s clean power mission from achieving 100%, to a new goal to deliver “at least 95%”, clean energy by the end of the decade.
Energy sector’s faith in net zero is just 4%, says Energy Institute
The Energy Institute said that the industry is “clear” that the government’s goal of meeting targets to use entirely clean power by the end of the decade “faces considerable hurdles”.
Bank giant ING optimistic about investment ‘greeniums’ next year
Sustainable finance could deliver a premium as banks retrench from fossil fuels: ING expects greater clarity on energy transition finance next year.
Clean power mission 2030 will take a ‘Herculean’ effort from supply chain
The UK government’s 2030 clean power targets will take a “Herculean” effort from the supply chain, according to Yselkla Farmer, chief executive of energy infrastructure trade association Beama.
Venterra secures £30m bond facility for international growth
Offshore wind services business Venterra Group has secured a £30 million bond facility from HSBC, backed by the UK government’s export credit agency UK Export Finance (UKEF).
Exclusive: Power Roll fundraising for 1 GW solar film factory in County Durham
The solar film developer is raising £30 million in funding to “revolutionise” the global solar industry through lightweight roll-to-roll technology that is not reliant on rare earth minerals.
Union Jack Oil remains bullish on Wressle despite court ruling over emissions
Union Jack Oil plc’s (AIM: UJO) executive chair David Bramhill has said controversially that the “most productive phase” of the Wressle oil field still lies ahead.
Hydrogen market will be £7bn a year opportunity for the UK
With UK government backing, the market for low-carbon hydrogen may be poised for take-off.
Shore Capital bucks the trend as banks retrench from oil and gas
A UK investment bank says it is committed to expanding its oil and gas franchise amid widespread retrenchment from the sector.
Rosebank axing would cost jobs and money, court hears
A landmark hearing concluded Friday that will decide the future of Rosebank, the UK’s largest undeveloped oil field.
Energy projects in developing countries to receive £79m in UK climate finance
Projects that aim to speed up the energy transition in developing countries will receive a share of £79 million in UK climate finance, the Government has announced.
World leaders at COP29 agree ‘international carbon market standards’
Commitments at this year’s UN climate talks are ramping up fast, though the conference in oil-producing Azerbaijan has been mired in controversy.