Ovo to cough up £10.4m for exposing vulnerable customers to harm Energy Energy supplier Ovo is set to cough up a hefty sum after an investigation by the watchdog concluded that it had left vulnerable customers at risk of harm. The firm – which focuses on smart technology, green energy tariffs, and carbon-reduction goals – will pay £7m into Ofgem’s voluntary redress fund, which is used for [...]
Big Tech steps up energy hiring as grid creaks under AI pressure Tech Big Tech is increasingly recruiting energy specialists as access to electricity becomes a central constraint on the expansion of AI infrastructure. Energy-related hiring at tech firms rose 34 per cent year on year in 2024, according to Workforce.ai data, and has remained around 30 per cent above pre-2022 levels. The increase reflects growing demand for [...]
National Wealth Fund pumps millions into battery storage developer Energy The National Wealth Fund has joined forces with two investment firms as part of a £500m venture to enhance the UK’s battery storage facilities. The consortium – including infrastructure asset manager Equitix and Australian pension fund Aware Super – will “build, own and operate grid-scale battery storage assets” via an investment in developer Eelpower Energy. [...]