Kistos to acquire EDF Energy’s gas storage arm for £25m

The acquisition encompasses two gas storage facilities, Hill Top Farm and Hole House Farm, situated near Warmingham in Cheshire, UK

EDF bounces back to profit in 2023

In 2023, EDF transitioned from losses to profits, driven by increased nuclear power generation and high energy prices in Europe

Nearly $2 trillion a year needed to triple global renewables by 2030

Although Asia has made progress with renewable growth policies, the transition is still at risk due to significant coal and gas pipelines, according to a report

New Alyth substation powers up

The new Alyth 275kV substation has been successfully energised following a three-year construction period

Europe’s battery boom: Britain, Ireland and Italy lead the charge

Europe is poised for a substantial surge in grid-scale battery energy storage, with projections suggesting a sevenfold increase in capacity by 2030, according to a report

Barclays halts financing for new oil and gas projects

Barclays has decided to stop funding new oil and gas projects directly and introduced stricter rules for clients expanding in these sectors

Labour’s energy investment U-turn sparks voter concerns

Nearly 31% of Brits believe that the decision would negatively impact the cost of energy bills for ordinary people, according to a survey

Octopus Energy chief warns billions may go overseas

Octopus Energy’s Chief Executive Officer, Greg Jackson, has warned that ongoing delays in UK grid connections and planning issues could lead the company to invest billions overseas

Green boom: Global low carbon energy investment hits record $1.8tn

Global investment in low carbon energy soared by 17% to a record-breaking $1.8 trillion in 2023, with electrified transport outpacing renewable energy as the primary driver, according to a report

‘Nearly $883bn offshore wind investments on the brink’

New analysis indicates that $883 billion in pre-sanctioned offshore wind projects, accounting for 380GW, could be at risk in the next six years