Drax invests £1m in Cruachan hydropower plant upgrade

The current turbine control system will be replaced with new technology that is expected to improve Cruachan’s efficiency

Picture of green 3D H2 symbol
German utility RWE joins European Clean Hydrogen Alliance

The Alliance aims to develop and deploy hydrogen as a viable energy carrier in Europe that is globally competitive

EU backs Italian energy efficiency fund with €39.9m

FIEE SGR has launched its second fund – the Italian Energy Efficiency Fund II (FIEE II) – with a first close of €127.5m

Climate finance: Seven largest multilateral banks invest $61.6bn in 2019

Low and middle-income economies received around 67% of the total funding

Aceleron secures £2m to drive reusable battery solutions

The company’s circular economy approach is designing waste out of the battery manufacturing process

US announces $64m funding for hydrogen projects

The 18 chosen projects will support the government’s ‘[email protected]’ vision for affordable hydrogen production, storage, distribution and consumption

Greencoat Renewables acquires 50% stake in Irish wind farm

This acquisition brings the company’s portfolio of wind assets to an installed capacity of 538MW

Onshore renewables ‘could pump £28.9bn into UK economy by 2035’

A £66.5bn potential investment opportunity for the UK could be unlocked if the government takes the necessary measures, according to a new report

Revolutionise UK home heating with heat pumps and high energy efficiency standards

The scale of investment could create around 275,000 jobs in England alone and potentially lower energy bills for households, the IPPR reports

BP commits $70m to support India’s renewable energy sector

It is providing the funding to the Green Growth Equity Fund (GGEF), which was established in 2018 to identify and support growth in zero and low carbon energy solutions in India