UK jobs at risk from ‘over-reliance’ on China Economics Tens of thousands of jobs in high-growth sectors are feared to be at risk due to the UK’s trading reliance on China, researchers have warned. The Institute for Public Policy Research (IPPR), a left-leaning think tank that has shared a close relationship with senior Labour figures, has warned that around 90,000 jobs are at the [...]
Powervault: London Mayor-backed Tesla battery rival collapses Tech Battery storage firm Powervault, which had been tipped to become the UK rival to Tesla, has collapsed into administration, City AM can reveal. The London-based company, which had been backed by the Mayor of London’s Greater London Investment Fund as well as the British Business Bank, has appointed administrators Menzies to oversee its wind-down, according [...]
Sulnox shares jump as it unveils new shipping partnership Energy Shares in greentech firm Sulnox have jumped Monday after it unveiled a new contract with a major shipping business. The Aquis-listed company, which develops lower emissions fuel technology, said its Sulnox Eco fuel was set to be adopted across the 28-strong fleet of Greek shipping business Spring Marine Group. It comes after a trial period [...]
Labour’s Liz Kendall unveils record £55bn R&D boost for UK innovation October 30, 2025 Labour has announced a £55bn funding boost for science and technology, dubbing it the largest-ever long-term investment in UK research and development (R&D). The plan, confirmed today by the Department of Science, Innovation and Technology (DSIT), will pour billions into British research agencies and innovation bodies through to 2030 – part of the government’s drive [...]
Grid connection for clean energy firms to be fast-tracked, ministers say April 15, 2025 Grid connections for businesses delivering clean energy are to be prioritised, ministers have said. The government has said so-called ‘zombie projects’ which hold up the queue for National Grid connectivity are set to be axed from the waiting list. While industries including data centres and AI, wind energy and solar projects will be accelerated for [...]
Grangemouth: Green future for oil refinery needs £3.5bn, report finds March 19, 2025 Delivering a green future for the Grangemouth oil refinery will require around £3.5bn in private investment, a report has found. The long-awaited Project Willow study, which itself cost £1.5m, sets out nine options for the future of the industrial cluster in central Scotland. Hundreds of jobs are set to be lost this year when the [...]
Grangemouth: Green projects at oil refinery site could cost £13bn March 12, 2025 Plans for new green projects at the Grangemouth oil refinery site in Scotland could reportedly cost up to £13bn. A feasibility study of possible options for the site – dubbed Project Willow – has listed nine opportunities including recycling plastics and producing biomethane, to create a “flourishing low carbon hub” over the next two decades, [...]
Small modular reactors will help growth and clean energy go nuclear February 12, 2025 While France generates most of its energy from nuclear, Britain has the highest industrial electricity costs in the world. The upfront costs of small modular reactors are high, but so is the return on investment, says John Caudwell Last month was the hottest January on record globally. It was unexpected because the natural weather phenomena [...]
Miliband tells Cop29: clean energy transition ‘economically right’ for UK November 22, 2024 The transition to clean energy is “unstoppable” and the “economically right thing” for the UK, the energy secretary has argued at the Cop29 climate conference. Britain wants to see a deal at the UN climate conference, hosted in Azerbaijan, that “accelerates the clean energy transition,” Ed Miliband has said. Speaking in the capital of Baku, [...]
Did Rachel Reeves deliver a net zero Budget? November 4, 2024 The UK’s recent Budget included a series of measures which have prompted debate over its impact on achieving net zero. While Rachel Reeves announced significant investments in green energy, hydrogen projects and electric vehicle incentives, a number of her decisions have raised concerns about the effectiveness of the UK’s environmental sector. While Wednesday’s Budget announced [...]