News
News
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Mitsubishi joins consortium to study CCS for ammonia fuel
Mitsubishi Corporation has joined a consortium to study how carbon capture and storage (CCS) can be utilised to decarbonise ammonia fuel production in Indonesia. Ammonia is commonly used as raw material for fertilisers, plastics and chemicals. Experts suggest ammonia can become a clean energy source as long as it does not emit carbon dioxide when […]
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Energy switches in February down 18% year-on-year
February 2021 saw an 18% drop in energy switching, compared to the same period the year before. That’s according to Energy UK’s figures, which suggest 457,447 customers moved to a new supplier last month. That compares to a total of 559,000 customers that switched suppliers in February 2020. The report shows in total, around 832,000 […]
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INEOS buys HESS’ Danish oil and gas assets for $150m
INEOS Energy has agreed to buy HESS Corporation’s oil and gas assets in Denmark in a deal worth $150 million (£108m). It will acquire 61.5% of the Syd Arne oilfield, currently operated by HESS, which complements the 36.8% share INEOS already holds in the field. INEOS will also acquire 4.8% of the Solsort field, which […]
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Yorkshire Water and Biffa partner to recycle and reuse grit
Yorkshire Water and Biffa have teamed up for a project to recycle the grit by-product of the water and wastewater treatment processes. Instead of sending it to landfill, the grit, which is screened out as water and wastewater is processed at treatment works, is being reused and recycled, with 6,300 tonnes processed into reusable material […]
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National Grid strikes £7.8bn deal to take over Western Power Distribution
National Grid has today announced the acquisition of Britain’s largest electricity distribution business, Western Power Distribution (WPD), for £7.8 billion. The acquisition from PPL Corporation is expected to allow the group to make a ‘strategic’ portfolio repositioning. The company also said it expected to launch the sale process for National Grid Gas (NGG) in the […]
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UK plugs grants of up to £2,500 to facilitate switch to cheaper EVs
The UK Government has today announced a new scheme that will offer grants of up to £2,500 for drivers looking to switch to more affordable models of electric vehicles (EVs), vans and trucks. From today, motorists who want to purchase an EV priced under £35,000 will be eligible for the subsidy. Official figures suggest the […]
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British firm unveils ‘world’s first’ microwave-powered boiler
London-based energy technology firm Heat Wayv has unveiled what is claimed to be the world’s first microwave-powered boiler. The so-called Heat Wayv One offering is a smart Internet of Things (IoT) appliance that uses microwaves to heat up water. Controlled using a smartphone app, it can be fitted on any interior wall of a house […]
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Denmark consults on ‘world’s first’ energy island
The Danish Energy Agency (DEA) has invited market operators and others to tender their recommendations following the publication of a discussion paper. The consultation is expected to define the procurement framework for the commercial ownership of what is claimed to be the world’s first energy island. Located west of Jutland in the North Sea, the […]
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Almost $4.4tn green investment a year is needed to halt global warming
Nearly $4.4 trillion (£3.1tn) a year is needed to be invested in energy transition if the world is to reverse the serious impacts of climate change. The staggering finding comes from the report published today by the International Renewable Energy Agency (IRENA), which suggests expenditure on clean energy will have to increase by 30% to […]
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Wales to launch pilot schemes to boost uptake of electric bikes
The Welsh Government has announced plans to fund pilot schemes to accelerate the uptake of electric bikes and electric cargo bikes across Wales. Four e-bike ‘hubs’ will be established in Rhyl, Swansea, Aberystwyth (with links to Newton) and Barry, offering low cost hire and long term loan of e-bikes for local residents. Two e-cargo bike […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas