News
News
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Third-party costs reach record high: Businesses brace for sky-high energy bills
UK businesses are bracing for a surge in energy bills as third-party costs (TPCs) soar to an unprecedented high. That’s according to a new report by Drax, which suggests that these costs are all likely to rise this year. TPCs are a major concern for businesses, as they now make up almost 40% of their […]
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Heat pump tech company bags €15M to expand to UK
Dutch heat pump company HeatTransformers has secured a €15 million (£13m) investment to bring its product to the UK and Germany. Energy Impact Partners has led the investment for the company, which has developed a digital platform to connect heat pump producers with local networks. The business also has heat pump installers and hosts an […]
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US to inject $450m into clean energy projects on former coal mines
The US Department of Energy has announced that it will allocate up to $450 million (£360m) to fund ‘green’ projects on current and former coal mines. The initiative is aimed at reducing greenhouse gas emissions and creating new jobs in areas where coal mines are located. The programme will also establish how mines can be […]
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Wind turbine war ends: GE and Siemens settle patent disputes
Siemens Gamesa Renewable Energy and General Electric have reached an agreement to settle all of their wind turbine technology patent disputes in the US and Europe, the companies announced on Friday. The terms of the settlement were not disclosed, but it was described as amicable and the companies and their subsidiaries will reportedly receive cross […]
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No opt-out option for Redcar hydrogen trial
Residents of Redcar, Teesside, will not have the option to opt-out of a proposed hydrogen heating trial in their area, in contrast to the choice granted to Cheshire residents by Cadent Gas just days ago. Northern Gas Networks (NGN) has announced that opting out will not be an option for those who oppose the pilot […]
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‘Firms on the verge of experiencing 85% decrease in energy support’
The British Chambers of Commerce (BCC) has said businesses are facing an 85% reduction in energy support from April. The BCC is underscoring the pressing necessity for an energy support contingency plan and urging for a collaborative and targeted initiative to aid companies struggling with this matter. With the deadline for the reduction rapidly approaching, […]
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Ofwat to crack down on water company executive bonuses
Water regulator Ofwat has unveiled plans to prevent customers from funding executive bonuses that have not been earned through the company’s performance. The regulator will regularly review all executive director bonus payments and expects remuneration committees to consider performance for customers and the environment when awarding bonuses. Ofwat’s latest proposals are part of a programme […]
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SSE raises earnings forecast
Energy giant SSE has increased its earnings projection for the second time in just over two months due to a surge in demand for energy from its gas-fired plants. Energy demand from its gas-fired power stations compensated for the shortfall in renewable energy production and the linked expenses of buying back hedging contracts, the company […]
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UK launches energy bill cut plan for small businesses
The UK government has launched a new campaign aimed at helping businesses, charities and public sector organisations reduce their energy bills. The campaign is targeted at small and medium-sized enterprises (SMEs) and will offer guidance on how to make savings through simple changes that cost little or nothing. Suggestions include installing light and heating timers, […]
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NASA satellites show before and after on climate change
NASA has released new satellite imagery, depicting the impacts of global warming, extreme weather events and urbanisation on different parts of the world. It shows the decline of Okjökull, a melting glacier in Iceland that has shrunk from 15 square miles in 1901 to less than half a square mile today. Image: NASA Hudson Bay, […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas