News
News
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Turning off Oxford Street Christmas lights could save £200k
Keeping Oxford Street Christmas lights on for just eight hours could bring a saving of £221,000. That’s according to analysis by the business energy experts Bionic who estimated that reducing the number of hours from 3pm until 11pm, a saving of £221,760 over the festive period will be made. The company, which is responsible for […]
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CCC urges govt to act on energy efficiency
Reducing energy demand in UK buildings is the biggest gap in the current government energy policy. That’s the suggestion from the Climate Change Committee (CCC) and its Chairman, Lord Deben, who sent a letter to the Chancellor highlighting the need for urgent action on decarbonising buildings. The CCC said a decade ago, 2.3 million energy […]
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COP27: Wind brings UAE and Egypt closer
The United Arab Emirates (UAE) and Egypt plan to build a mammoth onshore wind farm. The agreement for the 10GW wind farm was signed on the sidelines of COP27 in Egypt. According to a statement from the UAE’s news agency WAM, renewable energy company Masdar, Egypt’s developer Infinity and Hassan Allam Utilities have signed a […]
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US awards $43m to support clean energy transition in communities
The US Department of Energy (DOE) is providing $43 million (£37.4m) to help communities plan their transition towards a clean energy future and improve grid reliability and security. A total of 23 projects will share the funding, with 20 focusing on increasing communities’ resilience to disruptions from extreme weather and other disasters and three focusing […]
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UK’s first large-scale lithium site gets green light
The UK is announcing its first large-scale lithium refinery – to make electric vehicle (EV) batteries and materials used for other renewable energy projects. Middlesbrough will host the facility, owned by Green Lithium, which will look to put the UK on the map when it comes to production of the metal. Currently, East Asia accounts […]
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World’s greenest warehouse to be built in Sweden
NREP, the urban investor with €18 billion of assets under management, is to build the world’s first net zero logistics facility in Bålsta, Sweden. The 20,000 sqm facility in Sweden will be the world’s first logistics building to achieve 100% CO2 neutrality over its entire lifecycle. The project is the first of three fully CO2 […]
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UK announces £95m for advanced materials’ research and development
The UK Government has announced £95 million of funding to support research and development of “super-materials” of the future. Business Secretary Grant Shapps visited the Henry Royce Institute at the University of Manchester, which will use the funding to develop advanced materials that are critical to sectors including energy, health, transport, electronics and utilities. Advanced […]
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Glencore ordered to pay £280m over African oil bribes
A UK subsidiary of mining giant Glencore has been ordered to pay more than £280 million by a London judge for bribing officials across Africa to gain access to oil. It follows an investigation opened by the Serious Fraud Office (SFO) in 2019, focused on the activity of Glencore Energy UK’s West Africa desk, which […]
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Shropshire village raises £3.5m to acquire local solar farm
A village in Shropshire has raised £565,000 and secured a further £3 million from Bristol-based Triodos Bank UK to bring a solar farm into 100% community ownership. The 3.2MW solar farm, located on the outskirts of Sheriffhales village, consists of nearly 12,000 panels and has the capacity to generate enough renewable electricity to power 825 […]
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UK sanctions four Russian steel and petrochemical tycoons
The UK has sanctioned four Russian steel and petrochemical tycoons as part of the government’s measures taken against Moscow over the war in Ukraine. They include oligarchs Alexander Abramov and Alexander Frolov, who are known to be business associates of Roman Abramovich and previously owned major stakes in Russian steel manufacturer Evraz. The pair are […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas