Carbon capture and storage will ‘grow’ the economy – Hunt
The UK is open to private sector investment in the still nascent carbon, capture and storage (CCS) industry, minister for energy security and net zero Philip Hunt told investors this week.
Energy Transition
Cadent launches consultation on HyNet North West Hydrogen Pipeline
Cadent has launched a public consultation on the HyNet North West Hydrogen Pipeline, running until November 19.
Should the UK reset its carbon price trajectory?
The EU’s CBAM will negate some of the benefits of a separate UK ETS and increase the complexity of trade. Harmonised systems, in contrast, would create a more effective CBAM-protected bloc and prevent carbon price competition. However, the UK ETS is Brexit’s child, and Brexit was never about cooperative action in the face of climate change...
Highview Power plans ‘world’s largest’ liquid air energy storage site in Scotland
Highview Power plans to build liquid air energy storage plants in Ayrshire and Aberdeenshire.
North Star to ship newbuild vessel to EnBW offshore wind farm
Fleet operator North Star will provide German utility EnBW with a commissioning service operation vessel (CSOV), its first contract for such a ship.
BP profit warning a bellwether for change
BP PLC has warned that it expects profit margins to slump this quarter due to a fall in oil trading and is instead relying on an unlikely source of growth, electric vehicles, to steady the ship this year.
UK Infrastructure Bank becomes £27.8bn National Wealth Fund
The UK government's £22 billion infrastructure investment vehicle has been rebranded as the National Wealth Fund (NWF), with an extra £6bn thrown in.
UK National Wealth Fund to ‘turbocharge’ green technology
The new National Wealth Fund will boost UK investment in green technology, according to business and trade secretary Jonathan Reynolds.
North Sea confidence plummets to new low ahead of budget
The results of a new survey have prompted Aberdeen and Grampian Chamber of Commerce (AGCC) to propose a five point plan to Chancellor Rachel Reeves as she prepares to unveil the new UK government's budget at the end of the month.
Renew Holdings acquires Full Circle Wind
UK engineering services company Renew Holdings is eyeing growth across the UK and Europe after making its first international acquisition – Netherlands-based Full Circle Wind Services.
Fennex set to launch extreme weather tech after big win in USA
Aberdeen digital technology firm Fennex aims to launch an extreme weather software technology for the energy industry after winning a significant award in Houston.
PM vows to replicate success of East Anglia Two offshore wind farm
Ministers said while speaking at the International Investment Summit today that the new government will turbocharge investment in green energy technologies and rip up red tape.
Salamander boss calls for government backing for smaller floating wind projects
As Salamander continues to await government approval, project director Hugh Yendole calls for support for innovation projects.
EVOL: Floating offshore wind extravaganza!
This week, Scottish Renewables and RenewableUK hosted the Floating Offshore Wind conference in Aberdeen.
How can energy help achieve ‘national security’?
Energy secretary Ed Miliband told industry at the EnergyUK conference in September that reaching net zero, which the government wants to achieve by 2030, will be a matter of “national security”.
Starmer hails billions of pounds of investment pledges ahead of summit
Prime Minister Keir Starmer said on Thursday that the government has secured more than £24 billion of private investment in domestic clean energy projects ahead of next week’s investment summit.
Green Volt offshore wind farm chooses Aberdeen for HQ
Aberdeen has been selected as the headquarters of one of the world’s largest offshore wind projects.
Spain’s Iberdrola to double investment to £24 billion in Scottish Power division
Spain's largest power company, Iberdrola (BME: IBE), will invest up to £12 billion in its UK business Scottish Power over the next four years, which is says it a doubling of its commitment in the UK ahead of a global investment summit in London.
Green Volt to work with supply chain to bring about standardised design
Vårgrønn boss Stephen Bull discusses UK manufacturing, progress on Green Volt and the role of Chinese manufacturing in floating wind.
King Charles’ alma mater aims to be one of UK’s greenest schools
Renowned independent boarding school Gordonstoun has announced carbon emissions reductions of nearly 10% for 2022-23, alongside plans to build its own solar farm.
Clarity on what GB Energy means for floating offshore wind ‘coming soon’
More clarity on GB Energy is "coming soon" a government official promised as the floating offshore wind industry gathered at a conference in Aberdeen and looked for answers.
UK unveils ‘cap-and-floor’ scheme to bolster energy storage
The UK government has today launched a new scheme designed to leverage investment in long-term energy storage capacity, which will operate as a ‘cap-and-floor' mechanism.
Scotland and Humber carbon capture schemes will have to wait until springtime
Energy minister Michael Shanks said to remember the current government has been in office less than 100 days and 'we are moving as quickly as we can'.
Energy unions, climate groups urge Treasury to ring-fence £1.9bn for ‘just transition’
Energy unions and climate groups have joined forces to urge Chancellor Rachel Reeves to invest £1.9 billion a year in the energy transition.
Swinney: Developers need strong proposals to move through approval
Scottish First Minister John Swinney has called on offshore wind developers to make their project applications robust to ensure swift progress through the approval process.