Utilita boss fears Big Six advantage as he slams Ofgem reforms December 2, 2022 Ofgem risks stifling innovation and preventing energy firms from finding a pathway to profit, warned the boss of Utilita Energy.
EDF secures further funding for Hinkley Point C in new settlement December 1, 2022 EDF has secured 14 years of funding for the UK's upcoming nuclear plant Hinkley Point C in case of the risk of further delays.
Total Energies slashes £100m from North Sea plans after windfall tax December 1, 2022 Total Energies plans to cut its investment by a quarter next year, after the Government tightened the windfall tax last month.
Windfall tax hampers investment says OEUK, as Harbour falls off FTSE 100 December 1, 2022 The Government's decision to toughen the windfall tax has made companies and investors "reassess their plans for the future."
UK sets aside £9.2m to train Brits to make homes more energy efficient December 1, 2022 The UK government has set aside £9.2m to train Brits to make homes more energy efficient. Nearly 9,000 training free or heavily subsidised courses are set to be run across England for heat pump and energy efficiency installers, the government announced today. The global housing sector produces around 40 per cent of the world’s emissions. [...]
Chief of beleaguered energy storage firm ITM Power resigns after 13 years December 1, 2022 The chief executive of ITM Power Graham Cooley has quit with immediate effect after 13 years at the helm. He will be succeeded by Dennis Shulz as the firm deferred its trading update to the end of January instead of in early December. This comes after ITM Power suffered ballooning gross losses of £23.5m earlier [...]
Rio Tinto pledges $600m to boost miner’s renewable ambitions November 30, 2022 Rio Tinto plans to invest a further $600m in renewable energy assets across the iron ore-rich Pilbara region of Western Australia.
Ithaca Energy records $1.4bn profits amid booming oil and gas trading November 30, 2022 North Sea producer Ithaca Energy reported bumper $1.4bn profits in its first set of results since its London debut earlier this month.
Octopus edges towards Bulb deal as judge confirms takeover date November 30, 2022 Octopus Energy are inching closer to completing their protracted takeover of Bulb, after a High Court judge set a date for the deal to be finalised.
LNG risks UK’s environmental goals and hydrogen strategy, warn experts November 30, 2022 The UK risks both higher emissions and undermining its energy security strategy, if it becomes over-reliant on LNG to meets its energy needs.