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Energy
Ofgem review ordered by Labour
Labour have decided to review the role of Ofgem.DESNZ says this is to ensure it can meet the challenges of a rapidly evolving energy market and the net zero transition.Ofgem was set up in 2000 and in a paper announcing the review, the…
Ukraine stopped Russian gas reaching Europe. Here’s who’s most at risk
The Mitte Combined Heat and Power (CHP) natural gas power plant, operated by Vattenfall AB, in Berlin, Germany, on Wednesday, Jan. 1, 2025.Bloomberg | Bloomberg | Getty ImagesUkraine halted the flow of Russian gas to several European…
Small firms now get free help in energy disputes
Small businesses with up to 50 employees, can now use the Energy Ombudsman’s free dispute resolution service.The service, backed by Ofgem, is designed to sort out disputes with energy suppliers or brokers without the hassle and cost of…
We’re buying more shares of a company that makes a key part of AI data
We're buying 40 shares of Dover at roughly $200 each. Following Tuesday's trade, Jim Cramer's Charitable Trust will own 540 shares of DOV, increasing its weighting to 3% from 2.8%. We're using some of the proceeds from Tuesday morning's…
Ofgem boss welcomes review as does sector
The CEO of Ofgem has welcomed a review into his own organisation.Labour has ordered a review of the remit and role of the regulator, in view of the changing goals and operations of an energy sector in transition. Stakeholders across the…
Why Microsoft, Amazon, Google and Meta are betting on nuclear power
Data centers powering artificial intelligence and cloud computing are pushing energy demand and production to new limits. Global electricity use could rise as much as 75% by 2050, according to the U.S. Department of Energy, with the tech…
Winter fuel allowance axe leaves millions of ‘rich’ OAPs vulnerable
Millions of pensioners in the UK are caught in a financial trap, unable to afford a dignified standard of living but deemed too wealthy to qualify for Winter Fuel Payments, new research by the Centre for Ageing Better reveals.The…
Oklo targets 12 gigawatts of new nuclear power in deal with data center
Rendering of a proposed Oklo commercial advanced fission power plant in the U.S.Courtesy: Oklo Inc.Nuclear startup Oklo aims to deploy 12 gigawatts of power over the next two decades through a framework agreement with data center…
National Grid invests billions for cleaner future
National Grid has unveiled its RIIO-T3 business plan for Electricity Transmission, outlining up to £35 billion of investment from 2026 to 2031.The plan focuses on upgrading infrastructure to meet the UK’s clean energy goals and expanding…
Expect Eaton to keep profiting from AI’s spiraling demand for computing
A big backlog of projects should keep the company busy for the foreseeable future.
Read More: Expect Eaton to keep profiting from AI's spiraling demand for computing