News
News
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Bank of England: ‘Historic’ energy shock bigger than any year in the 1970s
Bank of England Governor Andrew Bailey has warned the shock to inflated-adjusted incomes in Britain as a result of rising energy prices will be larger than any single year in the 1970s. Speaking at an event in Brussels, he said Russia’s invasion of Ukraine – which has resulted in economic sanctions that sparked an increase […]
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Doubling renewables ‘could help Europe halve gas usage by 2030’
An accelerated push for renewables could cement Europe’s efforts to halve its total gas consumption, as countries strive to enhance sustainable economic development plans amid the energy crisis. A new report from Wärtsilä Energy suggests if renewable energy share in electricity generation increased from around 33% today to more than 60% by 2030 it would […]
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Living closer to wind farms drives energy bills down!
The closer you live to a wind farm, the less you will pay for your energy bills! Ahead of its energy supply strategy in the coming days, the government is reportedly examining the possibility of expanding a scheme first launched by Octopus Energy. Some of the company’s customers in Yorkshire and Caerphilly, Wales, who live […]
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Government ‘plans to take 20% stake in Sizewell C nuclear plant’
The UK Government is reportedly planning to take a 20% stake in the Sizewell C nuclear power plant in Suffolk. The reports come as Prime Minister Boris Johnson recently told nuclear industry bosses he plans for the UK to get 25% of its electricity needs from nuclear power to boost domestic energy security after Russia’s […]
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ExxonMobil announces new Lead Director
ExxonMobil has revealed its Lead Director Ken Frazier will be stepping down after 13 years on the board, with Jay Hooley set to take his place. Independent directors have selected Hooley as the best candidate to replace Frazier, with Chairman Darren Woods commenting: “The board of directors thanks Ken for his tireless work on behalf […]
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Oxford Mayor travels to French climate conference by plane
Mayor of Oxford City Council, Mark Lygo, has come under fire for travelling to a climate conference in France from Oxford by plane. The council has previously called for the Oxford public to take trains rather than planes, in an attempt to curb carbon emissions and introduced a ‘Zero Emissions Zone’ last month. Lygo tweeted […]
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RWE plans ammonia plant at LNG terminal site in Germany
RWE is to build an ammonia plant at the site in Germany where it is previously announced plans for the country’s first liquefied natural gas (LNG) terminal. It will initially be used to import ammonia, which is used for chemicals and fertilisers, with around 300,000 tonnes per year expected to arrive via the terminal and […]
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Costa Coffee sets 2040 net zero target
Costa Coffee has committed to becoming net zero by 2040. The hot drinks chain has also made a pledge to halve its carbon emissions by the end of this decade to help it achieve this wider aim. Its targets have been approved by the Science-Based Targets initiative (SBTi) and include powering its coffee roastery with […]
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Global wind industry breezes into new record
The global wind industry broke a new record for newly commissioned capacity last year. That’s according to the latest report by BloombergNEF which estimates that global wind capacity was boosted with 99.2GW of wind turbines installed in 2021. The previous record was set in 2020 with an estimated 98.5GW of commissioned capacity. The majority of […]
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People are flying over UK wind farms
Humans could join flocks of birds flying near wind turbines – no, that is not a scene from a Netflix series, it is just a trial of a new technology designed to explore the viability of a jet suit for paramedics for the wind industry. The technology has been developed to support renewable energy operations […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas