Ceres flies flag for green hydrogen with increasing revenue in 2021 March 17, 2022 Ceres Power Holdings, which produces fuel cell and electrochemical technology, experienced a 44 per cent increase in revenue last year, in part thanks to a £179m fundraising campaign to support green energy. The firm benefited from handing out major contracts, registering a £250m in cash and investments, up from £110m in 2020. Its successful fundraiser [...]
200,000 barrels a day: BP joins forces with Eni to create Angola’s largest oil and gas producer March 14, 2022 BP and Eni told City A.M. in an email that they have signed an agreement to form a new 50/50 independent company, Azule Energy through the combination of the two companies’ Angolan businesses. The agreement follows a memorandum of understanding between the companies agreed in May 2021. Azule Energy will be a new international energy [...]
As cost of living crisis rages, Extinction Rebellion plots to block oil refineries across the UK next month March 9, 2022 Extinction Rebellion has announced plans to block major UK oil refineries in April. The direct action group said it intends to “stop the harm at the source” as part of its campaign to force the Government to stop the fossil fuel economy. The protest group Just Stop Oil will also be blocking refineries across the [...]
Exclusive: Invinity on vanadium flow batteries and the UK’s net zero plans March 8, 2022 Invinity chief executive Larry Zulch and chief commercial officer Matt Harper spoke with City A.M. about vanadium batteries and net zero.
En+ Group loses Lord Barker as chairman as Russian energy giant considers separating international unit March 7, 2022 En+ Group said this morning it has started a review of its strategy on Rusal , thereby considering a separation of the aluminium company’s international business, the energy giant clarified in a statement. Moreover, Gregory Barker, who has served as executive board chairman at En+ since November 2017, has resigned. “A strategic review is currently [...]
Exclusive: ‘Nuclear has a lot going for it while net zero will simply not happen’, says sceptical environmentalist Bjorn Lomborg February 22, 2022 Bjorn Lomborg is not your typical environmental thinker. A former Greenpeace activist, he is now frustrated with the state of our climate change debate – calling for constructive solutions rather than apocalyptic predictions. So what are Lomborg’s solutions? City A.M.’s Michiel Willems finds out. There is a lot to do about nuclear energy at the moment. [...]
Exclusive: Good Energy chief slams poorly run companies in worsening market crisis February 22, 2022 The energy crisis has been worsened by poorly managed energy firms and price competition, argues Good Energy boss Nigel Pocklington.
Government rolls out further £200 saving to low income households with £67m insulation plan February 21, 2022 Thousands households will benefit from a further reduction in energy bills as part of the government’s insulation upgrade plans.
Wind farms paid to halve electricity output to prevent energy grid being overwhelmed February 20, 2022 Wind farms have been paid to stop producing electricity, according to research published in The Sunday Telegraph.
Korean firm boosts UK wind plans with £300m investment in Teesside factory February 14, 2022 Korean renewables constructor SeAH Wind will invest up to £300m in a new turbine factory in North East England.