business

Harmony Energy Income Trust (HEIT), a major battery energy storage system (BESS) investment fund, has opened the second stage of its portfolio sale process, raising questions about the role of listed funds in the BESS market.

Ofgem has published its quarterly report on the Non-Domestic Renewable Heat Incentive (NDRHI), showing that the cumulative total payments made to NDRHI installations reached £6.48 billion by the end of September 2024.

In the wake of Labour’s budget announcement, concerns that the UK is not doing enough to support its automotive industry through the electrification process are mounting.

The announcement of the Labour government’s first budget has been met with tentative support from the clean energy industry.

The International Energy Agency (IEA) has published analysis showing that the global market for clean energy technologies is set to rise from $700 billion in 2023 to more than $2 trillion by 2035 (£540 billion up to £1.5 trillion).

Renewable energy supplier Good Energy has received an unsolicited takeover offer from an international firm, Esyasoft.

Brookfield has signed an agreement to take a 12.5% minority stake in four of Danish energy company and developer Ørsted’s UK offshore wind farms.

The UK chancellor Rachel Reeves will reveal the Autumn Budget tomorrow (30 October), the first set by a Labour government in over a decade.

Data from UK consultancy Cornwall Insight shows that profits for battery storage units will rebound by 2026 after “an extended period of underperformance”.

OnPath Energy has sold its shares in the Kype Muir Wind Farm Extension to funds owned by Schroders Greencoat.