Looking forward to “Green Day” where the Government responds to Chris Skidmore’s Net Zero Review and, less directly to the USA’s Inflation Reduction Act. It must be said that the IRA has raised the bar for Government involvement in Net Zero spending, first in the US, then the EU and now, hopefully, the UK. It … Read More
The budget wasn’t all bad (see below), but it is quite depressing that the two industries that got the big bucks were CCS and nuclear. It suggests that the Treasury really don’t understand the priorities of the energy transition, and got swayed by the best funded lobby groups. A missed opportunity. COMPANY NEWS Dunelm launches … Read More
This week Tesla announced price cuts of about 20% on most of its vehicles in the US and European markets. As usual with anything to do with this company views on the ramifications of this move are highly polarised. The Tesla bears proclaim that this is a sign of fundmental weakness at the company and … Read More
Re-reading this week’s ‘bits, it occurs to me that if the Government were to implement enough of the recommendations of Chris Skidmore’s review, we would be a lot less likely to suffer disasters such as British Volt. COMPANY NEWS Lightsource bp closes first tax equity deal with Wells Fargo for 481 megawatt solar portfolioLightsource bp … Read More
Encouraging to start the year with record levels of wind generation in the UK. Good news, but might it be seen as a metaphor for some turbulence to come? There are plenty of challenges ahead as highlighted in the Focus section below. COMPANY NEWS Insurance giant Chubb launches global climate businessProperty insurance giant Chubb has … Read More
I suppose that any revolution has its casualties, but it is still sad to see electric van pioneer Arrival join BritishVolt in the intensive care ward. COMPANY NEWS Equinor and Hitachi Energy formalise collaborationEnergy company Equinor and technology company Hitachi Energy have signed a strategic collaboration agreement. It includes developing standardised base designs for transmission … Read More
Enjoy a few minutes of politics free reading COMPANY NEWS Lloyds is UK’s first bank to shun fossil fuelsLloyds Banking Group has become the first full-service British bank to walk away from directly financing coal, oil and gas projects.New North Sea greenfield oil and gas developments permitted after 2021 now fall outside the banking group’s … Read More
I keep trying to peddle good news stories here, yet the politicians seem determined to undo it all. COMPANY NEWS UK pension funds buy 12.5% Hornsea 1 stakeOctopus Energy Generation and GLIL Infrastructure have acquired a 12.5% stake in UK offshore wind farm Hornsea 1 from Global Infrastructure Partners.Octopus made a £200m investment on behalf … Read More
My wife showed me a piece this week in Remodelista about a gorgeous off-grid hut in Majorca HERE which included a novel power system: In fact the architect, Mariana de Delás makes an interesting point: the wheelbarrow contains power banks which run all electrical requirements in the hut, which involves wheeling the power to the user.. … Read More
Apoliogies for smaller and late Titbits. Been a busy week UK news Scottish hydrogen network trial gets underwayHydrogen from Grangemouth site to be transported along 29 kilometre section of previously decommissioned gas pipelinesPlans to build a network of hydrogen pipelines across the UK took a step forward today, with the start of a Scottish pilot … Read More