Coryton refinery expects “substantial” redundancies

The Essex refinery at Coryton is about to close with administrators expecting a “substantial number of redundancies” from the 500 strong workforce over the next few months. Administrators PricewaterhouseCoopers spoke to over 100 possible investors and purchasers but were unable to reach a deal. The Coryton plant in Essex was put into administration in February […]

Tech savvy cities will become more sustainable

Computer heavyweight Intel is set to invest $40 million (£25.5m) in a worldwide network of research centres, which includes collaborating with Imperial College and UCL in London. The global technology firm wants to improve computing solutions to enhance the sustainability of cities. Justin Rattner, Intel chief technology officer said: “In 2050, most of the nine […]

Business calls on Government to make “smarter use” of finance

The voice of UK business has called on the Government to make investment in UK infrastructure much more attractive. The CBI says it is frustrated with the Treasury following its promise of support to industry back in November.They say funding has been thin on the ground. To secure £250 billion of investment to improve the […]

Solar plane flies under the moon

A giant plane made out of solar panels has completed a 17 hour flight from Switzerland to Spain and demonstrates what its creators are calling the technology’s “enormous potential”. The Solar Impulse HB-SIA carbon fibre airplane has a wingspan as wide as that of an airbus A340 made out of 12,000 solar cells. These power […]

Green Investment Bank appoints top directors

BIS has today announced the appointment of the UK’s new Green Investment Bank’s top directors. Lord Smith of Kelvin will be the Chair of UK Green Investment Bank plc and Sir Adrian Montague has been appointed as Deputy Chair and Senior Independent Director. Both have experience with power and utilities as well as strong financial […]

Small emitters can opt out of EU ETS

Small emitters will now be allowed to opt out of the EU Emissions Trading Scheme from 2013, in a move which Government claims will cut down on red tape. The number of small emitters, which includes hospital installations, accounts for roughly 1% of the UK’s EU ETS emissions Greg Barker, Minister of State for Climate […]

Global emissions hit record levels

Global CO2 emissions hit a record high of 31.6 gigatonnes in 2011. According to the International Energy Association (IEA) the new peak, which is 1Gt higher than the year before, threatens to scupper plans to prevent global warming. The IEA has a climate change scenario which requires global CO2 emissions to reach a maximum of 32.6 […]

Hendry: “Strong interest” for Horizon nuclear project

The Minister of State for Energy, Charles Hendry, will today visit the troubled Horizon Nuclear Power company as the Government aims to salvage its nuclear plans by aiding the sale of the sites at Wylfa and Oldbury. Following the withdrawal of parent companies RWE npower and E.ON at the end of March, Horizon is in […]

Energy bill- where’s the detail? asks shadow minister

The draft legislation given to Parliament this week does not include enough detail to give industry confidence, claims the Shadow Energy Minister. Industry has long been calling for clarification to how market mechanisms will work and Tuesday’s announcement by DECC failed to give exact figures to the energy sector. Labour’s Tom Greatrex told ELN: “I’m […]

Collective switching can give consumers “more muscle”

The idea of ‘collective purchasing’, where a group of consumers sign up with a third party to get better deals from energy suppliers, was given significant support from Government today. Businesses, consumer groups, local government groups, housing organisations, charities and energy regulator Ofgem attended a round table meeting chaired by Energy Secretary Ed Davey to […]