A windfall tax on generators could risk future investment into energy infrastructure, impacting the transition to net zero and prolonging the UK’s reliance on volatile international gas, Energy UK has warned.
The government has appointed Tim Pick as the UK’s first Offshore Wind Champion as it calls for information on how to invest the Floating Offshore Wind Manufacturing Investment Scheme (FLOWMIS).
Nearly a fifth of the government’s total energy technologies investment must be spent on energy storage batteries between 2025 and 2030 to meet renewables targets, Cornwall Insight has said.
Octopus Energy Group has entered a financial and strategic partnership with Xlinks, the company behind a project to link the UK with solar power in Morocco.
Clean energy firm TagEnergy has secured a €450 million (£376 million) investment to drive the initial delivery of its 2.7GW global pipeline - including projects in the UK.
Electric vehicle (EV) charging firm Bonnet has secured US$5.5 million (£4 million) in new investment as the company looks to expand its coverage to the majority of UK and European chargers by the end of 2022.
