UK waste-to-energy industry gets £90m boost

Privilege Finance says the investment is linked to the Renewable Heat Incentive scheme, which offer payments for biomethane injected into the grid

Chinese property developer makes major investment in EV factories

Evergrande Group has said it will spend 160 billion yuan, equal to $23.1 billion, on three new production facilities in Guangzhou

Ryanair publishes monthly carbon emissions figures

The airline emitted around 1.2m tonnes of carbon in May but claims to be the lowest greenhouse gas emitter per passenger compared to other European airlines

Schneider Electric invests in flexible energy management firm

It is establishing an innovation partnership with AutoGrid, focused on driving new AI and machine learning solutions for distributed energy resources

Azerbaijan and UK partner on renewable energy

The nations have agreed to renew efforts to tackle challenges facing the energy industry

UK environment
UK ‘must establish strong environment framework to support investment’

The Institute of Environmental Management and Assessment says this is required to provide certainty and encourage investment

Gravity storage
Concrete giant CEMEX invests in gravity storage tech

CEMEX’s venture capital arm has invested an undisclosed sum in Energy Vault, which uses concrete block towers to store renewable power

National Grid: Shelved nuclear energy projects take £137m out of profits

The grid operator lost 31% of its profits before tax, down to £1.84 billion

UK eighth most attractive for global renewable energy investment

China and the US retained the 1st and 2nd positions respectively in the latest edition of EY’s renewable energy country attractiveness index

Honda backs smart battery firm Moixa in £8.6m funding round

Moixa currently manages energy storage systems in 7,000 homes across the UK and Japan, aggregating a combined capacity of 70MWh