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.
GMB Union has warned UK chancellor Rachel Reeves to steer clear of funding cuts for UK nuclear sites in Wednesday's budget.
North Sea operator Viaro Energy is continuing its focus on nuclear power after forming a strategic partnership with reactor technology developer Terrestrial Energy.
Climate tech venture studio Ventex has grabbed hold of a remote survey firm that specialises in the nuclear industry.
The UK named four companies, including a division of Rolls Royce Plc, to proceed to the next stage of a contest to build the country’s first small modular nuclear power plant, a potentially key technology for reaching net-zero emissions.
With new funding announced for the prospective Sizewell C plant, the government seems committed to nuclear power. However, the cost of nuclear newbuild in the UK is staggering and, even if built, sufficient new capacity will not arrive soon enough to help mitigate climate change. UK electricity consumers should hope that the target of 24 GW of nuclear capacity by 2050 slips into obscurity.
Nuclear power would “leave a legacy of debt and radioactive waste for generations to come”, the Scottish Greens have said.
The UK government aims to build a large nuclear power plant in northern Wales as it seeks to boost the stable, low-carbon electricity source alongside wind farms to reach its climate goals.
The UK government has awarded a £196 million grant to build the first next generation nuclear fuel facility in Europe in a bid to further isolate Russia from global energy markets.
Increases in water demand for the energy transition are set to run in parallel with climate change-induced alterations to water supplies, with possibly severe implications for the viability of different energy transition sources.
UK Prime Minister Rishi Sunak is committing hundreds of millions of pounds over the next decade to Britain’s nuclear deterrent and energy infrastructure as part of a “critical national endeavour” to safeguard the industry and protect the country.
Viaro Energy signs agreement with startup Newcleo to assess using nuclear power for existing and future North Sea assets
The “net zero economy” - from renewables and electric cars to green finance - grew 9% in 2023 to contribute £74 billion to the UK, a report has shown.
Engineering firm Altrad Group has surpassed €5.3 billion (£4.5bn) in revenue for the 2023 financial year, an increase of 38% on its 2022 results after two years of "transformative growth".
The UK government is holding early-stage talks to buy a site in Wales to build a nuclear power plant, a move aimed at reviving Britain’s ageing nuclear fleet, the Financial Times reported.
China took the global shipping industry by surprise by unveiling a super-large NUCLEAR container ship design at the Marintec marine expo in Shanghai last month.
Aberdeen-based energy services firm Three60 Energy has announced it will acquire fellow Scottish firms Pryme Group and Flexlife, creating a £200 million revenue business.
The UK’s National Grid Plc is preparing for a possible power crunch in January as several planned nuclear outages coincide with peak winter demand.
In the Spring Budget, the Chancellor confirmed nuclear as “environmentally sustainable” removing an element of uncertainty which will enable the UK to plan and finance nuclear energy infrastructure in the long term. However, building confidence in technology and equipment will be key for the UK Government in delivering new nuclear power generation.
Britain will classify nuclear power as “environmentally sustainable” as the government tries to attract billions of pounds of private capital to the sector.
The SNP has warned new energy minister Andrew Bowie to keep new nuclear power out of Scotland.
South Africa has announced preferred bidders for Bid Window 6 and struck a number of power purchase agreements (PPAs) for Bid Window 5 projects.
The Government is to press ahead with building a new nuclear power plant at Sizewell C in Suffolk, the Chancellor announced.
Adnoc CEO Sultan Al Jaber has called for the world to produce from all the energy sources it can, while minimising emissions.
Ahead of a skills summit in Aberdeen this week, employment experts have assessed why Scotland and the wider UK has woes around attracting enough workers in renewable energy.