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Energy
US nuclear energy giant considers SMR factory in UK
Holtec, a major player in the nuclear industry, is evaluating potential sites for a new £1.3 billion manufacturing facility for Small Modular Reactors (SMRs) in the UK.Kingmoor Park in Carlisle has been shortlisted along with other…
U.S. crude oil falls below $75 per barrel, lowest level since early June
Seagrass on the beach frames an offshore gas rig at dusk on May 10, 2024, near Fort Morgan, AL. J. David Ake | Getty ImagesU.S. crude oil futures on Tuesday fell to their lowest levels since early June as worries about China's economy…
Chancellor ends universal winter fuel payments
Chancellor Rachel Reeves has announced the end of universal winter fuel payments previously provided to all pensioners.Individuals born before 25th September 1957, could receive between £250 and £600 to help pay heating bills.This…
How the massive power draw of generative AI is overtaxing our grid
Thanks to the artificial intelligence boom, new data centers are springing up as quickly as companies can build them. This has translated into huge demand for power to run and cool the servers inside. Now concerns are mounting about…
Macquarie takes full control of National Gas
Macquarie Asset Management has announced the acquisition of the remaining 20% equity interest in National Gas from National Grid.This transaction will result in a consortium led by Macquarie owning 100% of National Gas.National Gas…
WTI, Brent on pace for third weekly loss
Oil pumpjacks operate in Los Angeles, California, July 31, 2023.Mario Tama | Getty ImagesU.S. crude fell more than 2% on Friday and is on pace for a third weekly decline as worries about demand in China outweigh strong economic growth in…
‘Steel industry will miss climate targets’
The steel industry will fail to reach net zero targets without immediate and universal effort.The Charting Progress to 1.5°C through Certification report, published by certification organisation, ResponsibleSteel, finds that radical…
Renewable energy demand will triple as electricity consumption surges,
In this photo illustration the stock market information of NextEra Energy, Inc. seen displayed on a smartphone with NextEra Energy, Inc. logo in the background.Igor Goloniov | LightRocket | Getty ImagesRenewable energy demand will triple…
400 public bodies spend £4.3bn on energy
A total of 400 public sector organisations spent £4.3 billion on energy from April 2023 to March 2024, an increase from £3.7 billion the year before.Box Power CIC has published its latest report on public sector energy costs, revealing…
U.S. will fall behind in the AI race without natural gas, Williams
Alan Armstrong, chief executive officer of Williams Cos., speaks at the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Wednesday, March 20, 2024. F. Carter Smith | Bloomberg | Getty ImagesThe U.S. will fall behind…