News
News
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Ørsted acquires Brookfield Renewable Ireland
Renewable energy company Ørsted has agreed to buy Brookfield Renewable Ireland (BRI), valued at €571 million (£497m). The move will allow Ørsted to enter the European onshore wind market. Headquartered in Cork, Ireland, BRI has a portfolio of 389MW in operation and under construction, 149MW advanced development and more than 1GW of development pipeline in […]
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Alok Sharma emphasises UK’s intention for live COP26 despite calls to make it virtual
Calls voicing concern over the prospect of a physical UN Climate Change Conference (COP26) are increasing the last few days, as new waves of Covid-19 sweep many countries and vaccine rollouts are delayed. The event is scheduled to take place in Glasgow from 1st to 12th November. Further doubts were raised today, after the decision […]
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New York announces $25m to boost energy efficiency in commercial buildings
Funding worth $25 million (£18.2m) has been announced to boost the energy efficiency and reduce greenhouse gas emissions in commercial buildings in New York. The Real Time Energy Management (RTEM) + Tenants Programme will support replicable approaches for commercial office buildings to cost effectively reduce energy consumption. It will offer a 33% project cost-share to […]
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New $61.4m funding for biofuels research to reduce transport emissions
Funding worth $61.4 million (£44.6m) has been announced by the US Department of Energy (DOE) for biofuels research that can help reduce transportation emissions. It will support technologies that produce low cost, low carbon biofuels, which are derived from renewable resources and can power heavy duty vehicles that are difficult to electrify with current technologies, […]
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Great Britain’s pipeline for renewable and battery projects skyrockets to 86GW
An 86GW pipeline for renewable energy and storage projects across England, Scotland and Wales is waiting to go live. That’s according to the latest figures from Cornwall Insight‘s Renewables Pipeline Tracker, which show around 40.6GW of them are in the ‘scoping’ process. That is where sites haven’t yet submitted a planning application but have a grid […]
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New bond issued to fund EV charging network in Greater Manchester
An offer to fund the rollout of charging infrastructure for electric vehicles (EVs) across Greater Manchester has been launched by Abundance Investment and Iduna Electric Vehicle Charging Infrastructure. Iduna is seeking to raise £4 million to finance the installation of 50 new fast or rapid public EV chargers at high traffic locations across the region, […]
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New Zealand becomes ‘world’s first’ country to legislate for climate reporting
In a move that is believed to be the world’s first, New Zealand has introduced a law that mandates the financial sector to disclose the impacts of climate change on their business. The Bill is expected to make climate-related disclosures unavoidable for around 200 organisations, including banks, insurers and managers of investment schemes. Once passed, disclosures […]
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Retired coal-fired plant in New Mexico to be reignited with hydrogen
A new technology collaboration that converts retired coal-fired power plants (CFPP) to use blue or green hydrogen as fuel has been launched in New Mexico. Newpoint Gas and Brooks Energy Company have launched Escalante H2 Power (eH2Power), which has signed a letter of intent with Tri-State Generation and Transmission Association, to buy their now retired […]
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Office for Nuclear Regulation greenlights restart of EDF’s reactors
The Office for Nuclear Regulation (ONR) has allowed EDF to return its two reactors at Hunterston B in Scotland to service for a limited period of operation. The reactors closed in 2018 after cracks observed in the graphite bricks that form the reactor core. The permission for the restart is for up to a total of […]
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Electricity North West unveils £2bn investment plan
Electricity North West has set out a draft plan to invest almost £2 billion in the region’s power network before 2028. It is seeking feedback on the plans to increase its investment by 44% to £1.97 billion between 2023 and 2028 as it aims to reduce the number and duration of power cuts by 20%. […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas