Daily Debrief

Labour should replace levy in 2027 rather than 2030 as energy bills are poised to surge over the winter, says lobby group The North Sea oil and gas industry has called on Labour to scrap the windfall tax on fossil fuel firms three years early, as Britain heads into a winter with energy bills expected to reach their highest level since Russia’s invasion of Ukraine. Offshore Energies UK (OEUK), the industry’s trade body, wants the tax replaced in 2027, rather than in 2030, with a narrower levy that only applies during price spikes. Continue reading...

Firms manage $7.3tn in assets and could afford to transition away from fossil fuels yet invest in natural gas and coal-fired plants to power datacenters The energy portfolios of 20 private equity firms produce 1.5bn tons of greenhouse gases a year, more than the annual emissions of any country except China, the US, India and Russia, according to a new report. Together, these firms manage $7.3tn in assets of all kinds, affording them the ability to shape the pace of the transition away from fossil fuels. However their energy investments include significant fossil fuel assets including natural gas and coal-fired power plants to provide electricity to datacenters. Continue reading...

Sustainable infrastructure investor Actis’s renewable energy platform in Japan has closed financing on a 50MW/196MWh battery storage project.

A regulatory change is opening Germany's energy markets to 23GWh of home batteries. The co-CEO of VPP platform Flexa discusses what it could mean for the market.

BESS project owners, lenders and optimisers kicked off the Energy Storage Summit Germany 2026 today in Berlin with a discussion on developing a bankable project.

India's storage market remains focused on short-duration firming, but conversations about long-duration storage are already underway.

Trina Storage has been selected to supply the BESS for Stage One of Frontier Energy's Waroona Renewable Energy Project.

Few companies have the technology to make aircraft windows which are getting harder to make.