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UK secures £24bn in green energy investments

Global, News

The UK government has secured over £24 billion ($31.39 billion) in private investments for innovative energy projects ahead of the International Investment Summit on 14 October 2024. These investments are expected to create thousands of jobs and drive growth in the UK’s clean energy sector, spanning from Yorkshire to Suffolk, Aberdeen, and Stow. Key companies involved include Iberdrola, Ørsted, SeAh Wind, Macquarie, BW Group, and Holtec, with substantial commitments to renewable energy projects. Iberdrola’s subsidiary…

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UK launches investment support scheme for long-duration energy storage

Global, News

The UK government has introduced a new investment support scheme to bolster the country’s energy storage infrastructure, with a focus on long-duration energy storage (LDES) technologies. These projects, including pumped storage hydro, are essential for storing renewable energy and ensuring its availability when needed, acting as giant batteries for the grid. LDES technologies have faced investment challenges due to high upfront costs despite low operational expenses. The new scheme is designed to overcome these barriers,…

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SSE Renewables begins construction on 320 MW BESS project in UK

Global, News

SSE Renewables has commenced construction on its largest battery energy storage system (BESS) at Monk Fryston, North Yorkshire. The 320MW facility will be one of the largest in the UK, providing electricity for over half a million homes for up to two hours during periods of high demand upon completion in early 2026. The groundbreaking ceremony included representatives from SSE Renewables, Morrison Energy Services, and Sungrow, the energy storage supplier. Sungrow’s advanced storage solutions will…

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EET to develop UK’s first large-scale low-carbon hydrogen hub

Global, News

Essar Energy Transition (EET) Hydrogen is developing the UK’s first large-scale, low-carbon hydrogen production hub at its Stanlow site. The hub will have a total capacity of 1,350 MW and will capture approximately 2.5 million tonnes of carbon annually. The hydrogen produced will be used locally, including at EET Fuels’ Stanlow refinery and by key manufacturers such as Encirc, Pilkington, and Tata Chemicals. The hub will be built in two stages, with the first plant…

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UK Chancellor commits £22bn to carbon capture projects in northern England

Global, News

UK Chancellor Rachel Reeves has announced a £22 billion ($28.97 billion) investment in carbon capture and storage (CCS) projects in Merseyside and Teesside. Spread over 25 years, the funding will support capturing emissions from energy producers, industry, and hydrogen power, aiming to help the UK meet climate goals and create thousands of jobs. The projects, backed by BP, Equinor, and Eni, will expand on earlier efforts to capture up to 30 million tonnes of CO₂…

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UK oil and gas companies lag in renewable energy investments, report reveals

Global, News

A recent analysis by climate campaign group Uplift has found that the majority of UK North Sea oil and gas companies are failing to transition their investments to renewable energy. Out of 87 companies, only seven are projected to invest in renewables by 2030. Of these, only two will allocate more than half of their portfolios to renewable projects, while one company intends to invest in wind energy to support further oil and gas production….

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UK closes its last coal-fired power station, marking the end of a 142-year era

Global, News

The UK shut down its last coal-fired power station, Ratcliffe-on-Soar in Nottinghamshire, on September 30, 2024, marking a historic shift towards renewable energy. The Uniper-owned plant, which was “desynced” from the grid system shortly after 3 pm, ends the country’s 142-year reliance on coal for electricity production. Since 1882, when the UK became the first nation to use coal for public power generation, coal has played a pivotal role in its energy supply. However, coal’s…

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Pupuk Indonesia to procure green hydrogen from PLN and ACWA

Global, News

PT Pupuk Indonesia (Persero) has signed a Head of Key Terms (HoT) agreement with ACWA Power, PLN Energi Primer Indonesia, and PLN Indonesia Power to secure green hydrogen for scaling up its green ammonia production. This collaboration, which began last year, aims to ensure a steady supply of green hydrogen, the key raw material for producing green ammonia, which Pupuk Indonesia will use to manufacture urea and NPK fertilizers. A joint venture between ACWA Power…

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Octopus Energy commits £2bn to UK renewable energy projects by 2030

Global, News

Octopus Energy Generation has announced a £2 billion investment in UK renewable energy projects by 2030, with a focus on solar capacity, including 222 MW currently in the pipeline. The investment covers the development of four new solar farms by BayWa r.e. in the UK, with construction on three sites expected to begin by the end of 2024 and the fourth in 2025. The projects include the 50 MW Perrinpit Road solar park in Bristol,…

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GE Vernova expands HVDC manufacturing in UK

Global, News

GE Vernova has announced a major expansion of its manufacturing facilities in Stafford, UK, to meet growing global demand for high-voltage direct current (HVDC) transmission systems, essential for transmitting renewable energy across Europe, Asia, and North America. The expansion focuses on two key Stafford sites within GE Vernova’s electrification systems grid solutions business. The HVDC facility at Redhill will double its valve manufacturing capacity, adding a new voltage-sourced converter valve assembly line. The transformer facility,…