Drax: Biomass energy giant which received £6bn from taxpayer reports 84 per cent earnings hike February 23, 2023 Power generation firm Drax is the latest winner from the energy price crisis, with its earnings up 84 per cent in the last 12 months to £731m. Drax, which received £6bn in green energy subsidies from British taxpayers over the last four-decades, was the latest energy giant to announce bumper profits; recent announcements include Shell [...]
UK risks falling behind US and EU in green energy race, warn MPs February 22, 2023 MPs are piling pressure on the government to compete with rival markets for green energy investment, such as the US and EU.
Green hydrogen future? Geopura secures millions in funding from GM, Barclays and Siemens February 21, 2023 Green hydrogen specialist Geopura has raked in £36m from its latest funding round, with plans to vastly scale its business.
Energy providers demand government incentives to stop UK providers losing out on green projects February 20, 2023 The energy sector is ramping up pressure on the government to bolster the investment climate for green projects.
UK risks missing energy goals due to poor investment climate, industry body warns February 20, 2023 Britain’s climate targets and energy security goals are at risk from its poor investment environment, warns Energy UK.
BP and Shell: Will the mega profits of energy giants power our greener future? February 20, 2023 BP and Shell have pledged to ramp up renewable spending to meet the UK's climate and energy security goals, but can we trust them?
Customers face higher bills as Ofgem double Covid allowance for suppliers February 17, 2023 Ofgem has announced it will almost double the allowance it grants energy suppliers to recover some of the bad debt costs from the pandemic.
Offshore wind plans must be sped up to meet energy security goals, green group warns February 16, 2023 UK offshore wind pipeline has reached nearly 100GW - more than double its overall generation target to reach net zero.
Green energy firms demand National Grid boost storage after lack of facility saw it pay them £99m to turn generators OFF February 13, 2023 Green energy firms are calling on National Grid to boost storage capabilities after it handed out £100m to energy producers last month.
Energy: UK forked out £90bn protecting customers from Russian supply squeeze as Europe spent £700bn February 13, 2023 European countries have forked out over £700bn to shield businesses and households from soaring gas prices since the energy crisis began.