Daily Debrief

National Audit Office says potential benefits are ‘considerable but uncertain’ while risks are ‘immediate and substantial’ The cost of the government’s £38bn nuclear plant in Suffolk is subject to “significant uncertainty” and may outweigh the benefits for UK households until at least 2064, according to the government’s spending watchdog. The National Audit Office (NAO) has warned that although the potential benefits of the Sizewell C nuclear plant are considerable, they remain uncertain. The risks, however, are “immediate, substantial and borne by the public”. Continue reading...

Global adoption of clean technologies is gathering pace, paving the way for a significant reduction in fossil fuel reliance

Direction by the Secretary of State on the Project Union: East Coast.

Thyssenkrupp Polysius has launched a wholly owned subsidiary, Thyssenkrupp Calvion, focused on oxyfuel applications and other carbon dioxide reduction technologies aimed at heavy industry.

Advisory body calls on Ministers to strengthen raft of climate resilience policies as part of £11bn a year adaptation drive

Cornwall Insight predicts rise in price cap of nearly 13% in Great Britain as Iran war pushes up gas costs Business live – latest updates Households in Great Britain could see their energy bills increase by over £200 a year to almost £1,900 from this summer in “a kick in the teeth” for millions struggling with the cost of living crisis. A typical gas and electricity bill is now forecast to reach £1,850 a year from July under the industry regulator Ofgem’s quarterly price cap, according to analysis by the energy consultancy Cornwall Insight. Continue reading...

Plus, why Citadel is rapidly expanding its LNG operations

National Audit Office report says consumers will pay higher amount for energy from Suffolk project compared to its Somerset counterpart

Latest consolidation in electric vehicle charging sector sees Pod strengthen presence in fleet charging market

Cornwall Insight predicts average annual domestic energy bills set to rise by around 13 per cent, as Iran War continues to fuel high oil and gas prices

Hollis' head of ESG and sustainability reflects on the recent expediting of climate adaptation and mitigation plans, and the myth that sustainability has to come at a cost

Tianqi says demand forecasts underestimate rapid rise of battery-powered industrial equipment

Analysts at Cornwall Insight predict a 13% increase for July to September

Boskalis has invested in a 24 000-t high-end cable lay vessel to support the energy transition.

Danish offshore wind pioneer said governments must react to 'unforeseen circumstances' but developers must not take advantage of flexibility afforded