As we progress towards a world of clean energy, managing the transition period effectively remains a challenge, especially for businesses whose operations are energy-intensive, and whose carbon reduction targets are significant. Given that the supply of many renewables – e.g. solar and wind – is intermittent, there is still the Read more…
Shell has contributed to a collaborative project aimed at powering subsea equipment using a blend of wave energy and underwater energy storage near Scotland’s Orkney islands. The Renewables for Subsea Power (RSP) demonstrator project, situated five kilometers east of Orkney’s main island, utilizes wave energy converter (WEC) technology integrated with Read more…
Freeport LNG anticipates a month-long outage for one of the gas liquefaction units at its Texas facility following technical issues during Winter Storm Heather, as disclosed by the company on Friday. Winter Storm Heather caused a deep freeze in Texas, leading to heightened demand on the state’s power grid. The Read more…
EDF, the French utility company, has once again postponed the start date for the Hinkley Point C reactor plant in the UK, now aiming for at least 2029. The project’s latest estimated cost ranges between £31 billion and £34 billion, based on 2015 values. Initially projected to power British homes Read more…
European natural gas prices have dropped to the lowest levels since August, driven by traders’ confidence in the region’s substantial reserves lasting through the winter. The TTF benchmark in Amsterdam reached a five-month low, down almost 10% from the previous week, despite a brief rise. The current cold snap across Read more…
OPEC announced its commitment to continue cooperation and discussions within the OPEC+ alliance, planning a meeting on February 1 to review the recent oil output cuts. Despite Angola’s decision to exit OPEC last month, OPEC emphasized the importance of cooperation among its members and allies like Russia for the benefit Read more…
The Viking Link electricity interconnector is now live, facilitating the exchange of power between the UK and Denmark. The project – a joint venture between National Grid and Danish operator Energinet – cost £1.7 billion to complete, and uses a 475 mile cable to link the Bicker Fen substation in Read more…
UK Power Networks is the first Distribution System Operator to publish data on curtailment and capacity across its network. The company offers flexible connections, which allow renewable generators to connect swiftly to the network, however customers may sometimes see their exported energy curtailed in order for the UK network to Read more…
The UK government has revealed plans to construct a major nuclear plant, emphasizing it as the largest expansion in the sector in 70 years, aiming to reduce dependence on foreign energy sources and quadruple supplies by 2050. Despite concerns about delays and budget overruns in existing projects, the Civil Nuclear Read more…