• Good Energy to sell its entire energy generation portfolio

    Good Energy to sell its entire energy generation portfolio
    Good Energy has today unveiled plans to sell its 47.5MW renewable asset portfolio.
    The company said the move is part of a ‘strategic shift’ to energy and mobility services, driven by further investment in the electric vehicle mapping platform Zap-Map.
    The sale is expected to be completed in the first quarter of next year – the portfolio had a net book value of £56.8m as of the 30th of June, Good Energy added.
    The proceeds from the transaction are expected to support the c
  • Mercedes F1 team ends Kingspan sponsorship

    Mercedes F1 team ends Kingspan sponsorship
    The Mercedes Formula One team has pulled the plug on its sponsorship with Kingspan just one week after it was announced.
    Kingspan made insulation materials used in the Grenfell Tower fire and Mercedes had been heavily criticised for the deal.
    The car driven by Sir Lewis Hamilton in his most recent victory at the Saudi Arabian Grand Prix had Kingspan’s logo across it – but the racing driver insisted the deal was “nothing to do with him” at the weekend.
    The F1 team released
  • bp buys US EV fleet charging firm

    bp buys US EV fleet charging firm
    bp has acquired the US electric vehicle (EV) fleet charging company AMPLY Power.
    bp aims to increase its global EV charging point network from around 11,000 today to more than 70,000 by 2030.
    It also seeks to nearly double earnings from its global convenience and mobility businesses increasing from around $5 billion (£3.7bn) in 2019.
    The San Francisco-based AMPLY Power provides EV charging and energy management services for trucks, buses, vans and light-duty vehicles.
    Earlier this year, bp
  • Electricity prices are a barrier to decarbonisation, UK steel industry says

    Electricity prices are a barrier to decarbonisation, UK steel industry says
    Electricity prices are stopping UK steel production from decarbonising.
    A new report by the trade association UK Steel suggests that current electricity prices feel like a barrier to decarbonisation strategies.
    The analysis shows that UK steel producers have to pay nearly 61% more for electricity than their counterparts in Germany and almost 51% more than in France.
    The authors of the report estimated that electricity prices have risen from an average of £20 per MWh that was between 2015 a
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  • 10 remarkable applications of AI in the energy & utilities industry

    10 remarkable applications of AI in the energy & utilities industry
    By using AI in data science has made complex data easier to manage in existing energy generation power projects, this has given companies time and R&D capacity to discover new energy sources like tidal energy…  and enable better usage of their existing infrastructures.
    AI Applications in the Energy & Utilities Industry.AI is proving to be a real enabler for these energy projects offering multiple applications. These include production optimization with computer vision to anal
  • EU hydrogen plans could put ever more pressure on energy prices

    EU hydrogen plans could put ever more pressure on energy prices
    The EU’s green hydrogen targets could see demand for electricity soar by almost one-fifth of overall electricity demand in 2030 risking to drive energy prices even higher than the current levels.
    The Transport & Environment (T&E) campaign group said that is equivalent to adding the electricity consumption of France.
    The clean transport campaign group brands any increase in hydrogen production that is not paired with additional renewable energy capacity as “reckless”.
    In
  • Centrica to sell Norwegian oil and gas assets

    Centrica to sell Norwegian oil and gas assets
    Centrica has today said it has agreed to sell Spirit Energy’s oil and gas assets in Norway to Equinor and Sval Energi for about $1.07m (£800m).
    These assets include Spirit Energy’s Norwegian oil and gas exploration and production business and the Statfjord field in the North Sea. 
    The British Gas owner, which has a 69% shareholding of Spirit Energy, aims to simplify and “de-risk” its business model while focusing on activities in markets in the UK and Irel
  • Are Brits paying far too much for their energy?

    Are Brits paying far too much for their energy?
    The UK has some of the most expensive electricity tariffs, a new study finds.
    Researchers from the price comparison website Cable.co.uk suggest that the UK average cost per kWh at $0.251 (£0.19) makes it the fifth most expensive among those existing in Western European countries.
    The research which analysed 3,883 tariffs across 230 countries found that the average cost per kWh of an energy tariff in the UK is 29.6% higher than the Western European average of $0.194 (£0.15) and 52.4%
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  • Activists take government to the High Court for LNG project in Mozambique

    Activists take government to the High Court for LNG project in Mozambique
    Environmental campaign group Friends of the Earth has taken legal action against the government.
    Activists aim to block $1.15 (£870m) of financing for a liquefied natural gas (LNG) project in Mozambique.
    The case, brought to Judicial Review by the group will examine the government’s decision to grant funding for the project through its export credit agency, UK Export Finance (UKEF), as approved by the Treasury.
    A recent report by Friends of the Earth estimated that the project could
  • Energy suppliers have left shortfall of £218m in RO schemes

    Energy suppliers have left shortfall of £218m in RO schemes
    A staggering £218.3 million has been left unpaid in Renewables Obligation (RO) schemes, Ofgem has said.
    The RO schemes are government schemes in Britain and Northern Ireland to support large-scale renewable electricity projects in the UK.
    The energy market regulator has unveiled a list of the companies which owe money to the scheme with a total of 25 energy suppliers being either in administration or having their licence cancelled.
    On 29th October, Ofgem issued provisional and final orders
  • Ofwat untaps measures to combat water firm financing risks

    Ofwat untaps measures to combat water firm financing risks
    Ofwat has today said it could raise credit quality and transparency standards for water firms in a bid to protect customers against potential company financing risks.
    The measures are designed to require companies to have robust finances and link their financial decisions to their performance.
    Ofwat is concerned that some water companies have put “risky” financing arrangements in place.
    The announcement comes just a few hours after its plans to increase the price cap for the non-hous
  • ScottishPower and AA join forces beyond EV ‘range anxiety’

    ScottishPower and AA join forces beyond EV ‘range anxiety’
    Energy supplier ScottishPower and the motoring association AA have announced a new partnership to calm worries that most electric vehicle (EV) drivers have about range anxiety.
    The partnership will see any customer who purchases an EV home charger from ScottishPower get a free service from the AA.
    Drivers who discover that they are “out of charge” when driving their EVs could contact the AA and pick them up and take them to the nearest EV charge point or home.
    Chris Carberry, Smart S
  • Carbon capture and storage put on the UK’s curriculum for ‘first time’

    Carbon capture and storage put on the UK’s curriculum for ‘first time’
    Selby College in North Yorkshire has launched what is described as the UK’s first educational programme in carbon capture and storage technologies.
    Starting from next year, the new tailored training course aims to help equip the Drax workforce and other individuals and organisations with the skills needed to use and operate technologies that could potentially help businesses cut emissions.
    The new education programme, which had previously secured a £272,000 grant from the Department
  • Government to spend £116m to turn green ideas into reality!

    Government to spend £116m to turn green ideas into reality!
    The government has today announced it will invest more than £116 million in projects designed to increase energy efficiency in buildings, reduce carbon dioxide emissions and utility bills.
    Projects that will benefit from the new government funding include green technologies such as using absorbents that can capture carbon dioxide directly from the air and capturing the carbon dioxide stored in natural material such as waste wood through combustion to produce energy.
    The new scheme is expec
  • Illinois wind farm opens, selling renewable energy to Microsoft

    Illinois wind farm opens, selling renewable energy to Microsoft
    Operations at the 185 MW Glacier Sands wind project are under way, Cordelio Power announced Tuesday.The wind farm, located in Mason County, Illinois, includes 43 Vestas V150-4.3 wind turbines. Microsoft Corporation will purchase 100% of the renewable energy generated from the project over a 15-year contract.Cordelio announced it had completed financing for the project in July. The power producer oversees a pipeline of over 6,500 MW of wind, solar and storage projects in the Western and Midwester
  • SSE may not need to split now but it does need more clean energy expertise

    SSE may not need to split now but it does need more clean energy expertise
    Activist investor Elliott Management is right – if SSE wants to be the UK renewables champion it needs green heavyweights on boardElliott Management’s open letters are improving. When the US activist hedge fund tried to take a pop at GlaxoSmithKline in the summer, it produced 17 pages of waffle that could have been condensed to a few sentences of substance. Tuesday’s 10-page blast at energy group SSE was tighter, scored a couple of solid hits and should make newish chairman Sir
  • Aramco inks deal with French businesses to boost hydrogen in Saudi Arabia

    Aramco inks deal with French businesses to boost hydrogen in Saudi Arabia
    Aramco has signed agreements with five French companies to advance hydrogen technologies in Saudi Arabia and boost business opportunities on the European continent.
    The Saudi Arabian oil company will work alongside French company Gaussin to explore a hydrogen-powered vehicle business for the Saudi Arabian market.
    As part of the agreement, Aramco will also sponsor the ‘world’s first’ hydrogen-fuelled racing truck, developed by Gaussin and set to compete in the Dakar Rally in 202
  • EIA report: California hydroelectric facilities continue to respond to prices despite drought

    EIA report: California hydroelectric facilities continue to respond to prices despite drought
    Despite widespread, intense drought conditions, hydroelectric power plants in the California Independent System Operator (CAISO), the grid operator for most of the state, provided a significant amount of generation from April 2021 to September 2021, according to the U.S. Energy Information Administration.Although drought conditions reduced water supply, hydroelectric generation during this period still increased in response to the higher average hourly electricity prices in the late afternoon.So
  • Ford aims to be second largest EV maker worldwide in two years

    Ford aims to be second largest EV maker worldwide in two years
    Ford is looking to become the world’s second largest electric vehicle (EV) maker within the next two years – reaching a yearly production level of 600,000.
    That’s according to a statement made by the Chief Operating Officer for North America, Lisa Drake, who stated the car manufacturer is looking to implement more ‘vertical integration’ into its way of working around EVs.
    She also revealed that the company is looking to heavily reduce the cost of its EV battery cell
  • ‘Offshore could deliver 45% of Swedish power needs’

    ‘Offshore could deliver 45% of Swedish power needs’
    ‘Offshore could deliver 45% of Swedish power needs’
  • CMA investigates Veolia/Suez merger

    CMA investigates Veolia/Suez merger
    The merger of two of the largest suppliers of waste management services Veolia and Suez could lead to a loss of competition in the industry according to the Competition and Markets Authority (CMA).
    The CMA has been investigating complaints that the transaction could lead to councils paying higher prices for waste management, with these costs being pushed onto taxpayers.
    It has raised concerns that the merger would not only lead to higher prices but also a lower quality service across the UK; Veo
  • Boralex commissions French solar floater

    Boralex commissions French solar floater
    Boralex commissions French solar floater
  • Longroad deploys wind optimisation tech

    Longroad deploys wind optimisation tech
    Longroad deploys wind optimisation tech
  • National Grid finishes first major power line to be built in Kent since 1961

    National Grid finishes first major power line to be built in Kent since 1961
    Work on the first new major power line to be constructed in Kent since 1961 has finished, the National Grid has confirmed.
    The new high-voltage electricity line between Richborough and Canterbury consists of a 20 kilometre-long overhead line and 60 new pylons.
    The so-called Richborough Connection project connects a high-voltage electricity link between Herdersbrug in Belgium and Richborough in the UK.
    The 1GW subsea interconnector, known as Nemo Link, is a joint venture between National Grid and
  • Nova nets UK support to cut tidal costs

    Nova nets UK support to cut tidal costs
    Nova nets UK support to cut tidal costs
  • Vestas admits hackers leaked its stolen data

    Vestas admits hackers leaked its stolen data
    A cyber security incident has turned out to be the nightmare before Christmas for Danish wind turbine manufacturer Vestas, as hackers leaked stolen data.
    The company confirmed that “the stolen data has been leaked by the attackers and potentially offered to third parties.”
    The incident, which was discovered on 19th November forced the firm to shut down its IT systems at several business units to contain the impact of the situation.
    Vestas added that it believed the leaked data mostly
  • RWE study flags floater opportunity for Scots industry

    RWE study flags floater opportunity for Scots industry
    RWE study flags floater opportunity for Scots industry
  • Co-op to launch 100GWh UK renewables tender

    Co-op to launch 100GWh UK renewables tender
    Co-op to launch 100GWh UK renewables tender
  • Renewable energy firm’s Christmas party blamed for Covid-19 Omicron outbreak

    Renewable energy firm’s Christmas party blamed for Covid-19 Omicron outbreak
    A Christmas party organised by renewable energy company Scatec has been reportedly a ‘super spreader event’ for the Omicron variant in Oslo, Norway.
    Reuters reported at least 13 people have been infected with the new variant of the coronavirus following the corporate event.
    Last month, the company announced that it was awarded Preferred Bidder status on three solar projects totaling 273MW, by the Department of Mineral Resources and Energy in South Africa.
    South Africa has been the ar
  • Japanese player to acquire Dutch offshore stakes

    Japanese player to acquire Dutch offshore stakes
    Japanese player to acquire Dutch offshore stakes

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