The Millard Group

March 21, 2024

Supply chain strains pose threat to UK renewables targets, report warns

...Dan McGrail, chief executive of RenewableUK, the trade group that developed the plan with government representatives, said an investment of about £2.8bn in these areas could yield about £25bn in “gross value...

April 16, 2024

FT Live

Inside Politics: who will win the UK general election?

Exclusively for FT subscribers

Renewable energy

National Grid ‘throttling’ battery storage development with underuse

...Their number has grown rapidly in recent years in Britain as renewable power production has increased, with about 130 sites providing 4GW of total capacity, according to industry group Regen....

April 7, 2024

ExplainerExplainer3 min

Green energy providers face cable shortage | FT Rethink

...The cable carrying that energy will account for nearly half of the venture's £20bn budget....

April 8, 2024

Nuclear energy

UK nuclear watchdog takes Sellafield operator to court over alleged IT breaches

...had been hacked by groups linked to Russia and China....

March 28, 2024

Special ReportNuclear Energy

Cost overruns and delays risk nuclear’s place in energy transition

...“The best way to reduce build costs is to replicate and, crucially, achieve design maturity before construction,” says Tom Greatrex, chief executive of UK lobby group the Nuclear Industry Association....

March 21, 2024

FT Live

Bank of the Year Awards 2024

Recognising the best in banking globally

Renewable energy

Green investment trusts face vote on future as shares slide

...Richard Crawford, head of energy income funds at Infrared Capital Partners, which advises the London-listed The Renewables Infrastructure Group, said: “I think it’s fair to say that [renewable] investment...

March 25, 2024

UK politics

Low uptake of heat pumps slowing efforts to decarbonise Britain’s homes

...The dilution of green targets came as the ruling Conservatives began to worry about the impact of the mounting costs of green policies on voters ahead of a general election....

March 18, 2024

InterviewNuclear energy

UK should consider wider range of nuclear power options, says top official

...The next stage of the competition closes in June....

April 9, 2024

Energy Source

A ‘critical year’ for the UK’s carbon capture ambitions Premium

...“An awful lot of good, detailed work has been done on the business models and legislation to get to where we are,” says Ruth Herbert, chief executive of the Carbon Capture and Storage Association trade group...

March 26, 2024

News updates from March 28: Sam Bankman-Fried sentenced to 25 years; US GDP growth in Q4 revised higher

Government-owned Sellafield to be prosecuted for alleged security breaches

...The ONR has described it as “one of the most complex and hazardous nuclear sites in the world”. The ONR said there was “no suggestion public safety has been compromised” due to the alleged offences....

March 28, 2024

News in-depthUK business

UK heat-pump makers look to government for certainty

...Russell Dean, residential group product director at rival heat pumpmaker Mitsubishi Electric, echoed Hansen that a consistent message was needed. “Certainty allows us to invest at the right speed . . ....

March 13, 2024

UK energy

UK risks second troubled offshore wind auction round, RWE warns

...Adam Berman, deputy director at trade group Energy UK, echoed the concerns....

February 19, 2024

Energy sector

Wood energy giant Enviva files for bankruptcy

...He left Enviva’s board in November and Inclusive has sold most of its stake in the group. Environmentalists have questioned the green attributes of wood pellets....

March 13, 2024

Budget 2024: As it happened

UK to buy sites for new big nuclear power plants

...Chancellor Jeremy Hunt told the House of Commons the government had “reached agreement on a £160mn deal” to buy the sites in Wylfa, Anglesey, and Oldbury, South Gloucestershire, from developer Hitachi....

March 6, 2024

FT Live

Transforming the Finance Function with AI

Strategies for delivering advanced analytics, automation and decision-making

News updates from February 23: Nvidia market value briefly tops $2tn, Navalny’s mother refuses Russian ultimatum

Britain’s household energy price cap to fall by 12%

...However, it remains well above typical levels of below £1,200 before the energy crisis that began in the winter of 2021 as wholesale prices rose....

February 23, 2024

Octopus Energy

Octopus Energy turns first profit since launch in 2015

...Stuart Jackson, the company’s finance chief, said the group was “financially robust” and could “continue to invest in lower prices, international growth, and critical innovation”....

January 27, 2024

Ørsted AS

Ørsted suspends dividend, cuts jobs and exits offshore wind markets

...As the group, which is 50.1 per cent owned by the Danish government, tries to stabilise itself, chair Thomas Thune Andersen will step down after almost a decade in the job....

February 7, 2024

UK Budget 2024

UK announces record support for renewables

...Emma Pinchbeck, chief executive of trade group Energy UK, said the government had “listened to the energy industry” and welcomed the boost to the renewables budget, which sent an “important signal” to investors...

March 6, 2024

UK energy

UK backs gas-fired power plants in latest shift in green policy

...grid by the middle of the next decade....

March 12, 2024

Labour Party UK

Labour vows to boost UK investment in floating offshore wind

...of the century....

March 25, 2024

Carbon capture and storage

Ex-Rolls-Royce boss East joins carbon capture group as chair

...East said he had “thought very seriously” about the debate around the technology....

January 17, 2024

News updates from March 12: US House votes through bill to ban TikTok; Geert Wilders announces he will not be Netherlands PM

Wood energy giant Enviva files for bankruptcy

...But to expand production, the US company issued a large amount of debt as the cost of running its wood pellet processing plants increased....

March 13, 2024

Carbon trading

UK carbon price falls to record low

...mechanism”, said Adam Berman, deputy policy director at energy industry trade group Energy UK....

February 2, 2024

Ørsted AS

Ørsted chief vows to fight ‘with everything I’ve got’ to revive fortunes

...Danish group’s woes....

February 13, 2024

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