energy business
British Gas has reported a ten-fold increase in profits for 2023, reaching £750 million, attributed to regulator Ofgem allowing the recovery of £500 million in losses incurred after Russia’s invasion of Ukraine
The robust performance is attributed to higher earnings in international electricity generation, supply and trading, and substantial growth in renewables capacity
bp has reached an agreement to purchase the remaining 50.03% stake in Lightsource bp, a developer and operator of utility-scale solar and battery storage projects
Nearly 40% of energy businesses struggle to recruit data scientists with appropriate skills and knowledge, according to a survey
Macquarie and British Columbia are set to become the new majority owners of National Grid’s gas unit
A Canadian pension fund has become a minority stake partner of the energy giant
The acquisition includes ACS’ renewables development platform, which consists of 4.4GW of developed projects over the last three years
The partnership aims to address customer needs and sustainability more effectively