17 January, 2022 – The Crown Estate Scotland has awarded 17 offshore wind projects to companies including SSE, Scottish Power and BP. These companies have been accepted to lease an area of the Scottish seabed to install wind farms. These projects are expected to generate enough energy to power 23 million homes in the UK...
17 January, 2022 – HSBC have announced a £500 million green fund for SMEs to help SMEs reduce their carbon emissions. The fund covers loans upwards from £1,000 and these loans have 1% cashback available. The SME fund is part of HSBC’s aim to finance $750 billion towards green initiatives within the next ten years....
14 January, 2022 – From 2023 British Gas will be integrating hydrogen with the gas grid in a bid to decarbonise heat. The gas grid will be made up of 20% hydrogen which will be delivered to homes and businesses across the UK. The switch from gas to hydrogen is predicted to dramatically reduce carbon...
14 January, 2022 – In 2020, Drax, the UK’s largest renewable power station, generated 11% of the country’s renewable power. However, the renewable authenticity of Drax is increasingly being questioned by environmentalists and others recently.
13 January, 2022 – A study by Draw and KPMG suggests that a ‘cap and floor’ mechanism is the best way forward if enough investment are to be unlocked for building enough storage technologies. The study also revealed that in 2020, enough energy was wasted to supply more than one million homes as excess renewable...
12 January, 2022 – The Climate Group and CDP have published an annual report revealing that one third of businesses with commitments to source 100% renewable electricity are facing obstacles in doing so due to a lack of policy support. The report also outlines an increased shift towards self-generation and Power Purchase Agreements in comparison...
12 January, 2022 – ClientEarth, an activist legal group, is currently suing the UK government over its failings to present a comprehensive net zero strategy. The strategy, which outlines how the country plans to achieve net-zero emissions by 2050, is criticised by the group for especially failing to establish credible policies.
12 January, 2022 – Chris O’Shea, boss of Centrica, highlighted the grim reality of future energy bills in coming months, stating that the soaring energy prices, which have had negative effects on both customers and suppliers, could last up to two years.
