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...He added that renewable energy capacity increased by 39 per cent last year, while heat pump and electric vehicle sales were rising....
...Michelle Donelan, Britain’s science secretary, is to launch a “pump-priming” effort and marketing blitz to plug the UK’s scientists back into the EU’s €95.5bn Horizon scheme, after several years in the cold...
Buying spree, which was third-strongest monthly figure since 2021, came even as investors exited tech
...GB News revealed a pre-tax loss of £42.4mn in its 2022/23 accounts published at Companies House on Tuesday, a sharp increase in losses from £30.8mn the year before....
...It added that it was “helping rather than forcing families to install heat pumps”....
...Henrik Hansen, Vaillant’s UK managing director, has overseen a two-year, £50mn investment to convert the building into a factory to produce the German company’s Arotherm heat pump....
...The deal positions Carrier to profit from the energy transition in Europe, where governments are subsidising heat pumps, the company said....
...The new system set to launch in April would force big boiler companies to ensure heat pumps account for 4 per cent of their total boiler unit sales, or be penalised £3,000 for every item by which they fall...
...“If they want to move their cargo, they will have to accept a significant increase in their carbon emissions,” the company wrote in a note....
...The days of handing out bribes to secure commodity contracts are over, the heads of the world’s biggest trading companies told the FT Commodities Global Summit in Lausanne....
Global inflows of $965bn last year was the second highest tally on record
...Northern Gas Networks said in its accounts in August that the “most likely scenario” for the company is an overall 46 per cent fall in gas transported through its network by 2050....
...Rather, Europe’s relatively narrow and fragmented financial industry is like a weak financial heart that struggles to pump sufficient capital and liquidity to support healthy European companies and economic...
...The UK has also dithered on another big heat pump barrier: relatively high electricity prices. Heat pumps are vastly more efficient than gas boilers....
...The short-term swings on Friday showed the markets were in an “agitated” state, said Viktor Katona, head of oil analysis at Kpler, an energy data and research company....
...The prolific Permian Basin shale of Texas and New Mexico pumps more oil than Kuwait, Iraq or the UAE, three of Opec’s powerhouses....
...“More recent trends give cause for concern that competition is still not working well in this market to hold down pump prices,” she added....
...The company did not say how much the measure would cost it....
...Iberdrola at a cost of €1.5bn, the facility in a rocky river valley in northern Portugal is known as a pumped storage plant....
...Though pump prices have fallen back from their peak following the outbreak of the Ukraine war, they remain at elevated levels....
...They will pump $1.8bn in the gym chain to refinance maturing loans and fund working capital and the growth of new clubs....
...Heat pump sales in 14 European countries fell by about 5 per cent in 2023 compared with 2022, according to the European Heat Pump Association, reversing a decade of growth....
...The measures announced on Wednesday by the government come after energy company Shell and service station operator Moto did not voluntarily submit data on their margins to the Competition and Markets Authority...
...Its industries — including renewables, electric cars and heat pumps — already account for more than half of employment in the global energy sector and are continuing to add more jobs all the time....
...Advances in heat pumps, which get over the cost hurdle by delivering two to three times the energy they need to run, make them a candidate for temperatures up to 200C....
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