Hydrogen ‘hard to beat’ but UK lacks incentives, says Mission Control boss
Chris Stark said at a Westminster committee hearing this month that the government will explore funding methods used for renewable power to support hydrogen storage.
East Suffolk MP warned “billions worthlessly invested” in Sizewell C
Campaigners have written to Member of Parliament for Suffolk Coastal, Jenny Riddell-Carpenter, about the billions spent on nuclear project Sizewell C, after costs were speculated to end up spiralling to £40 billion.
Scottish and UK government must work together, GB Energy inquiry told
The UK’s climate tsar Emma Pinchbeck warned against getting “left behind” in the energy transition.
Orsted CEO says 2024 ops performed ‘well’ despite US impairment
Orsted said on Monday that it expects to record an operating profit of 24.8 billion Danish kroner (US$3.4b) for 2024, a slight uptick on 2023, despite being hit with a hefty US impairment bill.
Solar harvesting market value could double to $548m by 2034
The solar energy harvesting market is expected to more than double in value within a decade, with one forecast suggesting sun power could account for at least half of all electricity in the UK by 2034.
Quinbrook invests £100m in UK hydrogen refuelling
Global investment manager Quinbrook Infrastructure Partners has invested £100 million of equity into Aegis Energy to fund a roll-out of hydrogen and multi-fuel refuelling infrastructure for fleets in the UK.
BlackRock low-carbon ‘transition’ fund turns up the heat on green steel
BlackRock has launched a new low-carbon “transition” fund that will invest in decarbonising materials such as steel.
Four more banks exit the Net-Zero Banking Alliance
Four more banks have left the Net-Zero Banking Alliance (NZBA), a fortnight after Mark Carney announced a shift in strategy at affiliate the Glasgow Financial Alliance for Net Zero (GFANZ).
Investors plough billions into net-zero transition
Bill Winters, CEO of Standard Chartered – one of the major banks left in the Net Zero Banking Alliance – stressed the urgent need to partner on climate action.
French energy giant EDF launches search for Hinkley Point finance after damning audit report
EDF Group’s chief executive Luc Rémont has hit back at the national French auditor’s claims that the energy company should delay its investment in UK nuclear power project Sizewell C.
Ceres first fuel cell company to dip its toes in FTSE250 – Rags to Riches
A fuel cell company from West Sussex now trades on the main market of the London Stock Exchange and has its sights set abroad, according to its CEO Phil Caldwell.
Siemens Energy to launch recyclable wind blades at Hull factory in spring
Siemens Energy will start producing recyclable wind turbine blades at its factory in Hull this spring, a spokesperson has confirmed.
Centrica boss ‘worried’ about low gas storage reserves
Christopher O’Shea, chief executive of British Gas owner Centrica, has said he is “worried” about low gas reserves this winter.
Diversify or Atrophy: the energy transition finance dilemma
Does energy transition finance need recategorising so decarbonisation isn’t left behind?
UK needs ‘comprehensive strategy for workers’, Climate Change Committee boss tells inquiry
Emma Pinchbeck, the new chief executive of the Climate Change Committee, told a government inquiry on Wednesday that the UK needs a “comprehensive strategy” for industries affected by the net zero transition.
Wind power was largest source of electricity in 2024
A blackout warning issued the day after NESO revealed that renewables accounted for half of electricity generation last year highlights the importance of interconnectors in grid ‘balancing’.
Campaigners accuse government of ‘lack of transparency’ over Sizewell C value
A campaign group has urged the NAO to review the UK government’s spending assessment for the nuclear power project in Suffolk.
Organisations urge government to ‘recommit’ to gas boiler phase-out
An association of energy companies has urged the UK government “to recommit” to phasing out gas boilers by 2035, warning that the future of the country's heating should be “clean, secure, and a driver of economic growth”.
Teesside freeport records slump in profit a year after government probe
Teesworks Ltd, the UK’s largest freeport and a major low-carbon industrial regeneration site in the North of England, has posted a slump in revenue and profits, one year after a government probe into its sale to private owners.
Scottish Conservatives warn of ‘domestic energy trap’ over LNG
Conservative ministers in Scotland have warned of a potential “domestic energy trap” if the government’s green targets result in importing liquefied natural gas (LNG) from Qatar and the United States.
Government urged to review Sizewell C nuclear plant over ballooning cost
Ecotricity founder Dale Vince, a Labour donor, has called for an urgent cost review of the Sizewell C nuclear power station and Net Zero Teesside carbon capture project.
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.