Scotland injects £20m in XLCC cable maker in Ayrshire
The high-voltage direct current (HVDC) cable manufacturer is expected to create 900 jobs
Finance
Blame game as UK’s last synthetic ethanol plant shuts at Grangemouth
Billionaire industrialist Sir Jim Ratcliffe has blamed Britain's lack of industrial strategy and levies on carbon polluters for the closure of the UK's last plant producing synthetic ethanol.
Diversify or Atrophy: the energy transition finance dilemma
Does energy transition finance need recategorising so decarbonisation isn’t left behind?
UK battery storage industry ‘back on track’
UK battery storage investor Gresham House Energy Storage Fund (LON:GRID) has said the industry is "back on track" as trading conditions improved, particularly in December.
Serica snaps up Parkmead North Sea assets for £14m
The "great" deal for Serica marks the end of Parkmead's long North Sea run
Canada’s Connaught sells out of UK gas field to bullish Reabold
Reabold Resources (AIM:RBD) has bought out its partner in Rathlin Energy, the operator of an onshore gas development in East Yorkshire.
Durham clean power technology H2CHP raises over £2m
Investors alongside Scotland-based syndicate Tricapital Angels means the clean power technology will be developed in Durham, Edinburgh and Aberdeen.
‘Historic day’ as £4bn Teesside carbon capture project goes ahead
The UK’s first ever carbon storage permit has been awarded to BP, TotalEnergies and Equinor’s joint venture project, the Northern Endurance Partnership (NEP).
Star Capital backs Aberdeen-based STR in multi-million pound deal
Private equity firm Star Capital has taken a majority stake in Aberdeen-based Subsea Technology and Rentals (STR) in a multi-million pound deal.
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.
‘Anger’ over Scottish budget plan to raid ScotWind windfall
Scotland's finance minister has been warned against raiding a windfall gained through sale of renewables licenses and has been urged to reinvest it in the energy transition.
Aberdeen’s OEG seeking up to £100m in acquisitions a year
Aberdeen's OEG Energy Group has bought up 14 businesses in the last four years and boss John Heiton aims to maintain the pace.
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.
Energy transition requires extra $1.75tn a year – report
Global investment in the energy transition must double to $3.5 trillion a year to keep global warming below catastrophic levels, according to a new report by analytics and consultancy firm Wood Mackenzie.
Rockefeller targets “equitable, just and pervasive” energy transition
The president of The Rockefeller Foundation, a multi-billion-dollar philanthropic investment house that began life investing the oil profits of John D. Rockefeller, has said the firm’s priority is an “equitable” energy transition.
Ashtead Technology to buy Seatronics and J2 Subsea
Subsea services provider Ashtead Technology (AIM: AT.) has signed an agreement to acquire Seascan Ltd from Acteon Group for £63 million.
Equinor makes $6.9b in third quarter
Equinor (OSE:EQNR) brought in an adjusted operating income of $6.89 billion and $2.04b after tax in the third quarter of 2024.
Analysts warn of £4.9bn shortfall in Chancellor’s green plan
Analysts have warned of a potential £5 billion funding hole in Chancellor Rachel Reeves’ proposals to finance the green prosperity plan.
Exclusive: 17 Energy expects to take £4bn floating offshore wind farm ‘to market’ in 2028
UK-based developer 17 Energy Ltd. expects to bring its proposed 1 GW floating offshore wind farm off the Chilean coast 'to market' in 2028, co-founder Úna Brosnan told Energy Voice.
GB Energy chairman aims to create UK Ørsted
GB Energy chairman Juergen Maier has revealed long-term plans for the publicly-owned energy company to follow in the footsteps of Denmark's renewable energy giant, Ørsted.