News
News
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bp buys US EV fleet charging firm
bp has acquired the US electric vehicle (EV) fleet charging company AMPLY Power. bp aims to increase its global EV charging point network from around 11,000 today to more than 70,000 by 2030. It also seeks to nearly double earnings from its global convenience and mobility businesses increasing from around $5 billion (£3.7bn) in 2019. […]
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Mercedes F1 team ends Kingspan sponsorship
The Mercedes Formula One team has pulled the plug on its sponsorship with Kingspan just one week after it was announced. Kingspan made insulation materials used in the Grenfell Tower fire and Mercedes had been heavily criticised for the deal. The car driven by Sir Lewis Hamilton in his most recent victory at the Saudi […]
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Aramco inks deal with French businesses to boost hydrogen in Saudi Arabia
Aramco has signed agreements with five French companies to advance hydrogen technologies in Saudi Arabia and boost business opportunities on the European continent. The Saudi Arabian oil company will work alongside French company Gaussin to explore a hydrogen-powered vehicle business for the Saudi Arabian market. As part of the agreement, Aramco will also sponsor the […]
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Ford aims to be second largest EV maker worldwide in two years
Ford is looking to become the world’s second largest electric vehicle (EV) maker within the next two years – reaching a yearly production level of 600,000. That’s according to a statement made by the Chief Operating Officer for North America, Lisa Drake, who stated the car manufacturer is looking to implement more ‘vertical integration’ into […]
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‘Technology can stop $66bn in damages from climate change’
Technology-enabled solutions can prevent up to $66 billion (£49bn) in the loss and damage each year caused by climate change. That’s according to a new paper from the Tony Blair Institute for Global Change, which has placed heavy emphasis on the key role technology can play for developing countries in tackling the climate crisis. It […]
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Offshore wind supply chain companies to get £3.5m boost
The Offshore Wind Growth Partnership (OWGP) has launched its latest ‘Development Grant’ funding call – which will make £3.5 million available for UK businesses looking to boost their offshore wind supply chain. The grants can either be used as capital or operational expenditure for projects that will increase the country’s offshore wind sector output and […]
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TELCA 2021 Winners: Most Trusted Consultancy – SME
The Energy Live Consultancy Awards (TELCA) returned with a bang at IET at Savoy Place recognising and rewarding the best energy consultants and brokers in the industry. The star studded ceremony saw Total Energy Solutions take home the Most Trusted Consultancy – SME award sponsored by Corona Energy. Ali Carnegie, Managing Director of Total Energy […]
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Shell withdraws from Cambo oil field development
Shell has pulled out of the proposed Cambo oil field development west of Shetland. Located approximately 125 kilometres to the west of Shetland, the Cambo oil field could see drilling start as early as 2022 if approved by the Oil and Gas Authority. A Shell spokesperson said: “The economic case for investment in this project […]
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Sinopec set to build ‘world’s largest’ solar-to-hydrogen plant
Chinese company Sinopec has begun construction on a solar-to-hydrogen project that it believes will become the largest in the world once completed. It has revealed that the site will produce 20,000 tonnes of renewable hydrogen each year by 2023 and it will invest more than $470 million (£352m) in building the electrolyser facility, which will […]
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PAC slams Green Homes Grant for dismal failure
The Public Accounts Committee (PAC) has slammed the Green Homes Grant voucher scheme, stating it ‘underperformed badly’ in its latest report. According to the report, only 47,500 homes were upgraded out of the original aim of 600,000 and nowhere near the number of jobs that were predicted were created. It also revealed that the project […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas