administration

The firm, which aimed to commercialise its flow control devices and modernise the UK grid, has gone bust after running out of funding

It has put around 570 jobs at risk

A wave energy company based in Edinburgh has called in administrators. Aquamarine Power had been testing its ‘Oyster’ wave energy machines at the European Marine Energy Centre (EMEC) in Orkney. The economic climate however is said to have “significantly” affected the business. Aquamarine said its 14 employees would be retained as attempts are made to […]

A solar energy company has gone into administration, with the loss of more than 900 jobs. Leicester-based Mark Group, which was founded in 1974, saw “heavy losses due to structural changes in core markets”, according to administrators Deloitte. The green energy company works with homeowners, businesses, local authorities and the construction industry to provide domestic […]

Ecotricity has bought a British wind turbine manufacturer out of administration and aims to ensure its “innovative new windmill design” comes to market in the next 12 months. Evance’s new technology, which is expected to improve efficiency and cut costs for small turbines, is 90% through developing and is nearing the production stage, Ecotricity said. […]

Mining firm UK Coal went into administration today in a move its boss says is the “only way” to save the business. Although 350 jobs hit the dust, 2,000 will be saved with some restructuring of the mining assets. This follows an enormous fire which ravaged the firm’s Daw Mill deep mine in March 2013 […]

Right wing Republican candidate Newt Gingrich has blasted President Obama’s record on energy and said his decision to veto the Keystone XL pipeline was wrong. In a vitriolic speech at the Colorado Energy Summit he lashed the President’s energy policy saying he was out of touch with ordinary Americans. He said: “This is the most […]