News
News
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BP scraps proposed plans for $1.3bn petrol station takeover
BP has scrapped a proposed $1.3 billion (£1bn) takeover of Woolworths’ petrol business in Australia following opposition from competition authorities. The abandonment of the deal is a setback for the firm’s ambitions to expand its international retail business – if it had gone through, the deal would have been the group’s largest downstream acquisition in […]
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New York announces ‘Energy Storage Roadmap’ to hit low carbon goals
New York Governor Andrew M. Cuomo has announced an ‘Energy Storage Roadmap’ to guide the state toward its energy storage target of 1.5GW by 2025. This figure is equivalent to the electricity demand of a fifth of the state’s homes and if achieved, is expected to deliver approximately $2 billion (£1.5bn) in lifetime benefits, including electricity […]
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Thames Water to pay back £120m to customers for leak failures
Thames Water has been ordered to pay back £120 million to customers for failing to fix leaking taps and pipes. It follows Ofwat’s investigation which found the water company “did not have sufficient oversight and control” of its leakage performance and underestimated the significance of its underperformance. Thames Water agreed to repay £65 million on […]
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UN and EU adopt new roadmap to tackle marine pollution
The European Commission and UN Environment have agreed to address the threats of pollution and marine litter under a new roadmap. The ‘2018 Oceans Roadmap 2.0’ aims to support the conservation of marine biodiversity and ecosystems and keep the world’s oceans healthy, cleaner and resilient. Under the agreement, the two organisations reaffirmed their commitments to […]
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Should all-male boards put themselves on their own risk registers?
It would be strange for a business to needlessly surrender market share – or cut into its profit margins for no good reason. But the evidence is stacking up that many of the biggest corporates in the UK energy sector are doing exactly that. In January, research from McKinsey found companies with the most gender […]
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Government ‘must encourage LPG take-up in off-grid homes’
The government must set an end date for the burning of carbon-intensive fossil fuels in off-grid homes and businesses and encourage a shift to liquid petroleum gas (LPG). That’s the suggestion from UKLPG, the trade association for the LPG industry in the UK, in a series of five suggestions made to the government. The organisation aims […]
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US invests $21m in innovative solar desalination technologies
The US Government has announced a $21 million (£16m) investment to advance solar desalination technologies. The funding from the Department of Energy (DOE) for 14 projects will focus on reducing solar-thermal desalination costs, collection and storage of thermal heat and help to expand operations to remote areas. Desalination requires a grid-connection to generate freshwater, limiting it […]
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UK businesses invited to monetise existing flexible energy assets
Businesses are being invited to generate extra income by being flexible with their existing energy assets. Western Power Distribution (WPD) said it is opening up 18 new zones where it aims to procure demand side response services to address operational requirements on its networks following a successful trial in parts of the Midlands. The new […]
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New York expands incentives for non-residential solar projects
New York has expanded an incentive programme to encourage solar developments on landfills, brownfields and affordable housing. The NY-Sun’s Megawatt Block Programme supports commercial and industrial solar projects. It will now provide higher financial incentives for development in limited use areas such as rooftop or parking canopies and increases the size of solar projects from 200KW to 750KW. The […]
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‘Sellafield cleanup could overspend by £913m’
The Sellafield cleanup could overspend by as much as £913 million. That’s according to a new report from the National Audit Office (NAO), which suggests although some programmes to reduce risk and hazard in legacy ponds and silos have been successful, the Nuclear Decommissioning Authority (NDA) is still facing continued delays. In 2015, the NDA’s nine […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas