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Energy

  • Gresham House Energy Storage Fund pins hope on future growth as earnings crumble

    April 29, 2024

    Gresham House Energy Storage built its portfolio from 598 megawatt hours (MWh) at the end of 2022 to 788MWh at the end of 2023. It has planned further growth in 2024.

  • Rolls-Royce cuts down plans to build UK nuclear factories amid delays

    April 28, 2024

    Rolls-Royce has reportedly scaled down its plans to build new mini nuclear reactors in the UK, following delays to a government design competition.

  • Activist Elliott said to build £800m stake in Anglo American after company rejects BHP’s ‘opportunistic’ bid

    April 26, 2024

    Mining giant Anglo American has rejected BHP Group's £31.1bn proposal after concluding the plan would undervalue its future prospects.

  • Mytilineos eyes potential dual listing in London

    April 25, 2024

    Greek energy giant Mytilineos has said it is eyeing a potential secondary listing in London before the end of next year.

  • Drax trading on track for the year as it awaits Westminster’s carbon capture sign-off

    April 25, 2024

    Drax awaits the green light from the government on a bridging mechanism for its carbon capture project

  • CBI boss: Britain ‘can’t rest on laurels’ in growth industries like life sciences and net zero

    April 25, 2024

    The UK “can’t rest on our laurels” in high-growth industries like life sciences and net zero, the boss of Confederation of British Industry (CBI) is to say.

  • Is Ithaca Energy’s £754m buy of Eni’s North Sea oil and gas assets a good deal?

    April 24, 2024

    Dark clouds of political uncertainty and the green transition hang over Ithaca Energy's blockbuster £756m buy.

  • Fossil fuel generation of UK electricity hits all-time low

    April 24, 2024

    Energy think tank Carbon Tracker today said that on Monday, April 15th, just 2.4 per cent of UK electricity came from fossil fuel sources.

  • Serica Energy chief: ‘High commodity price windfall long gone’

    April 24, 2024

    Serica Energy today announced its first share buyback programme, totalling £15m.

  • Ithaca Energy to buy Eni’s UK assets for about £754m

    April 23, 2024

    North Sea oil and gas producer Ithaca Energy said on Tuesday it would buy Eni's UK upstream oil and gas assets for about £754m in an all-stock deal.

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