Chief of beleaguered energy storage firm ITM Power resigns after 13 years December 1, 2022 The chief executive of ITM Power Graham Cooley has quit with immediate effect after 13 years at the helm. He will be succeeded by Dennis Shulz as the firm deferred its trading update to the end of January instead of in early December. This comes after ITM Power suffered ballooning gross losses of £23.5m earlier [...]
Rio Tinto pledges $600m to boost miner’s renewable ambitions November 30, 2022 Rio Tinto plans to invest a further $600m in renewable energy assets across the iron ore-rich Pilbara region of Western Australia.
Ithaca Energy records $1.4bn profits amid booming oil and gas trading November 30, 2022 North Sea producer Ithaca Energy reported bumper $1.4bn profits in its first set of results since its London debut earlier this month.
Octopus edges towards Bulb deal as judge confirms takeover date November 30, 2022 Octopus Energy are inching closer to completing their protracted takeover of Bulb, after a High Court judge set a date for the deal to be finalised.
LNG risks UK’s environmental goals and hydrogen strategy, warn experts November 30, 2022 The UK risks both higher emissions and undermining its energy security strategy, if it becomes over-reliant on LNG to meets its energy needs.
Ofgem pushes UK’s energy networks to go green without hiking bills November 30, 2022 Ofgem has confirmed a five-year investment package for the UK's electricity distribution network companies.
Centrica rolls out bold plans to kickstart a ‘UK hydrogen economy’ via niche player Ryze November 30, 2022 Energy giant Centrica and Ryze Hydrogen will jointly build and operate hydrogen production facilities aimed at providing a reliable supply of hydrogen for industry and transportation, the companies told Morning Wire this morning. A Memorandum of Understanding has been signed and will combine expertise in order to kickstart the development of a so-called “UK hydrogen [...]
Norway scraps oil and gas licensing round as supply crisis looms November 29, 2022 Norway has postponed its next round of new oil and gas exploration licenses until 2025, putting more pressure on the continent.
Pressure builds on Delta as Ofgem imposes two more provisional orders November 29, 2022 Delta Gas and Power is under more scrutiny from Ofgem, after the regulator slapped the supplier with a further two provisional orders.
Octopus’ deal for Bulb faces further delays as rivals push for judicial review November 29, 2022 Octopus Energy's takeover of Bulb Energy faces further delays after rival suppliers tabled demands for a judicial review.