Five sites shortlisted for UK fusion energy plant October 14, 2021 Five sites in England and Scotland have been nominated as the potential home of the UK’s first prototype fusion energy plant. The nominees include Ardeer, Goole, Moorside, Ratcliffe-on-Soar, and Severn Edge. The government is backing the Spherical Tomahak for Energy Production (STEP) programme to the tune of £222m. which aims to build a prototype fusion [...]
National Express enjoys revival in revenue October 14, 2021 National Express has enjoyed a revival in revenue as passengers return following the end of pandemic restrictions. The bus company has reported that the number of UK customers using its services has reached 76 per cent of pre-pandemic levels from 2019. Its domestic business UK Coach is now operating 56 per cent of services, up from [...]
Octopus Energy and RES commit £3 billion to build new UK hydrogen plants October 14, 2021 Octopus Energy and RES will invest £3 billion in the construction of new hydrogen plants across the country by 2030. The aim is to help the UK become more energy independent. The new plants will maximise electrons when they are generated in abundance on sunny and windy days by storing them as green hydrogen. In [...]
Pure Planet and Colorado Energy fall victim to gas price surge as CNG looks for bids October 13, 2021 The UK’s energy crisis has claimed two more challenger companies as Pure Planet and Colorado Energy ceased trading tonight. 250,000 Brits are now ‘orphaned’ – without a provider – while the energy regulator designates stranded customers. The historic surge in wholesale gas costs this year has driven up bills for providers and households to the [...]
Clean energy investment crucial for reducing market volatility, says oil body October 13, 2021 Global volatility in the energy market and further price rises will continue without a major boost in clean energy investment, warns the International Energy Agency. Executive director Fatih Birol believes the transition to net-zero carbon emissions will remain unstable, unless future energy needs can be financed. As economies shift from fossil fuels and less sustainable [...]
Putin: Russia is not using gas as a weapon October 13, 2021 Vladimir Putin has dismissed claims that Russia is weaponizing its supplies of natural gas to speed up Germany’s approval of the completed Nord Stream 2 pipeline and to destabilise European energy prices. The Russian president has described the accusations as “politically motivated blather with nothing to support it”. He believed that European governments are looking [...]
Global concrete industry pushes for 25 per cent cut in CO2 emissions by 2030 October 13, 2021 Forty global cement and concrete manufacturers have pledged a new 25 per cent reduction in CO2 emissions by 2030. The Global Cement and Concrete Association (GCCA) is aiming to accelerate the long-term shift to greener concrete, as part of the industry’s wider plans to achieve net zero in concrete manufacturing by 2050 Concrete is the [...]
Cabinet office minister warns businesses giving bonuses and dividends to not expect government support October 12, 2021 Struggling companies facing high gas prices could be refused a government bailout this winter if they have paid out big dividends and bonuses. Cabinet office minister Steve Barclay told Times Radio that the Treasury would scrutinise whether any interventions represented “value for money”. He said: “It’s right from a taxpayer point of view, mindful of [...]
Carney backs government support for energy users during gas price crisis October 12, 2021 Mark Carney believes the UK government should support energy users hit by rapidly rising energy costs. With gas prices soaring to record levels, the former governor of the Bank of England appeared to lend his support to the Prime Minister’s upcoming bail-out plans for businesses. The government is set to provide state loans to struggling [...]
Energy bills for small businesses set to double this winter October 12, 2021 British businesses could see their energy costs rise by 125 percent this winter, as they are not included in Ofgem’s price cap which limits household bills. The average household in the UK benefits from an energy price cap that is currently set at £1,277 per year., although the price cap is expected to increase substantially [...]
