SSE backs UK’s first pumped hydro scheme in 40 years with £100m funding March 21, 2023 SSE will invest £100m in the UK's first pumped hydro storage scheme in 40 years, but warns against further investment uncertainty.
UK faces supply crunch as gas and nuclear power plants close, warns Drax as it halts key biomass project March 21, 2023 The UK is facing a significant shortage in power that can be brought online at times of peak demand, warned Drax.
Newcleo announces plans for €1bn fundraiser as it targets UK nuclear industry March 20, 2023 A potential nuclear power player with ambitions for the UK market is working to raise up to €1bn equity in an upcoming equity raise.
Silver prices soar as investors turn to precious metal amid banking crisis March 20, 2023 Silver prices climbed above $22 per ounce today as investors turned to the precious metal amid an unfolding banking crisis.
Oil toils: Crude prices tumble as global banking chaos triggers recession fears March 20, 2023 Both major oil benchmarks have plummeted in this morning's trading, with investors spooked over the instability in the banking sector.
North Sea oil and gas operators warned of ‘tsunami’ of industrial unrest March 20, 2023 North Sea oil and gas operators are being warned of industrial unrest after workers voted to strike over jobs, pay and conditions.
Ofwat clamps down on dividend payments for water suppliers who won’t clean up their act March 20, 2023 Ofwat will be able to stop the payment of dividends if they risk the financial resilience of water companies.
LME delays reopening of Asian trading after finding bags of stones instead of nickel March 20, 2023 The London Metal Exchange has postponed the resumption of nickel trading during Asian hours by a week to March 27.
‘They have not done anything’: Hunt slammed for failing to back solar energy in Budget March 19, 2023 The government should have prioritised boosting renewable energy such as solar power, argued the boss of a British energy supplier.
Rolls-Royce wins funding to develop nuclear reactor for Moon exploration March 17, 2023 Rolls-Royce has received £2.9m funding from the UK Space Agency to develop a nuclear reactor for a Moon base.