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Momentum Builds for UK Government to Self-Fund New Nuclear Plants

GreenTechMedia

government unveiled its contract for difference with EDF’s 3.2-gigawatt gigawatt Hinkley Point C nuclear power station in 2012, it proudly proclaimed that the arrangement proved new nuclear did not need direct subsidy. ” RAB: Nuclear's next top model? Another option: State-backed nuclear funding?

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How Europe’s Energy Sector Is Responding to the Coronavirus

GreenTechMedia

Europe's electricity giants are grappling with the demanding challenge of safeguarding staff, keeping the lights on and contributing to the relief effort — all while rolling ahead with their own energy transition plans. “Industrial and commercial customers are consuming noticeably less energy.

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Energy crisis: Labour unveils £6bn home insulation plan, as pressure mounts on government for action

Business Green

Liz Truss, Rishi Sunak and Downing Street face mounting pressure to ramp up support for energy efficiency and billpayers as autumn draws nearer. Britain's cost of living crisis is getting worse, leaving people scared about how they'll get through the winter," said Starmer.

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Nova Innovation handed £2m to advance tidal turbine manufacturing in Scotland

Business Green

Scottish Government funding aimed at helping tidal turbine developer scale up manufacturing processes to serve growing global market. The funding, awarded by the Scottish Enterprise agency, is earmarked to help develop the first European assembly line for Nova's VOLT (VOlume Manufacturing and Logistics for Tidal Energy) project.

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UK's global offshore wind lead squeezed despite near 100GW pipeline

Business Green

However, as the UK's offshore wind pipeline has grown, the global market appears to be accelerating even faster as the clean energy transition takes hold, which is slimming the UK's dominance of the sector worldwide. Even so, at present the UK still remains a dominant offshore wind player on the global stage.

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Macquarie consortium to buy controlling stake in Britain's gas network from National Grid

Business Green

Investors eye major role for hydrogen in decarbonising UK's gas and energy system after deal valuing business at £9.6bn. National Grid's 7,660-kilometre transmission system plays a critical role in the UK energy landscape, transporting the gas needed to heat homes and power industry and electricity generation.

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Energy Security Strategy: Nuclear and hydrogen tipped for big wins, but will Treasury block efficiency plans?

Business Green

Latest round of reports on long-overdue energy independence plan suggest Number 10 and 11 continue to be at loggerheads over the cost of actions that could protect consumers from record energy bills.