Daily Debrief

Landmark investment deal between UK and Japan includes support for 5.9GW of floating offshore wind projects and nuclear technology development

New Cambridge University report argues accelerating electrification across the UK could create around 250,000 and unlock faster economic growth

Technology is tackling complexities that have held back progress in cutting energy waste

Investment in both fission and fusion suggests attitudes are changing

UK firm’s SMR unit beats competition from GE Vernova Hitachi for its third major contract

Opportunity to transform materials discovery could outweigh risks of high energy consumption

Make UK says manufacturers’ feedback shows sector at risk of collapse as it calls on Treasury to take action Britain’s industrial sector is at risk of collapse as thousands of companies warn that they could face bankruptcy within the next year because of high energy prices, according to an industry survey. The manufacturers’ body Make UK said the latest feedback from its members found that many would not be able to cope for much longer with energy costs that were twice the average in continental Europe and four times higher than in the US. Continue reading...

Make UK and TUC are right – ministers need a proper strategy to cut energy costs before there are more closures Britain ‘faces deindustrialisation’ without relief from high energy prices The manufacturing lobby group Make UK and the Trades Union Congress have picked a bad moment to plead for urgent relief for the nation’s industrial companies from sky-high electricity prices. The cabinet is tearing itself apart over defence spending, so even a “one minute to midnight” call for an extra £3bn for manufacturers is likely to be shunted into the long grass until after the likely Labour leadership contest. But the two bodies are correct on their main points. The cost of energy in the UK is a heavy drag on business competitiveness. Ministers’ talk about serious industrial revival is wishful thinking while UK companies are paying the highest electricity prices in the G7, including four times as much as US counterparts. High prices also cut across most of the big items on the government’s to-do list – everything from energy transition itself to, indeed, increasing domestic defence production. Continue reading...

Emily McAlindon, Commercial Director at Insite Energy As heat networks become a central part of the UK’s decarbonisation strategy, they’re growing increasingly controlled. Ofgem’s new regulatory regime demands high standards […]

More than one million customers have benefitted from Intelligent Octopus Go, Agile Octopus, and Cosy Octopus tariffs, energy firm reveals

Companies that acted early to decarbonise now face uncertainty as Brussels waters down climate targets

UK organisations may be overspending to replace their heat pump systems when they reach end-of-life, warns a leading UK renewable energy pioneer. Heat pumps, an efficient and cost-effective heating system […]

The REA's Matt Parry explains how the UK is quietly building not one, but two energy storage markets

The official opening of AMRO Partners’ flagship co-living scheme, The Rex, marks a major step forward for sustainable urban living in the UK. As the first co-living development in the […]

Revera Energy has reached final investment decision for the 400 MW/800 MWh Hunterston battery storage project.