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Energy
‘Ireland to miss renewable energy target by two years’
Ireland and Northern Ireland are expected to miss their goal of generating 80% of electricity from renewable sources by 2030.Forecasts from Cornwall Insight show that only 70% of the power grid will be renewable by then, with the rest…
How a shuttered power plant in Michigan could pave the way for more nuclear
The Palisades Nuclear Generating Station in Covert, Mich.John Madill | The Herald-Palladium | APThe Palisades Power Plant on the shores of Lake Michigan had become a piece of history, a relic of an era when nuclear energy was viewed as…
Halifax teams up with Octopus for £2,000 heat pump cashback
Halifax has partnered with Octopus Energy and Effective Home, offering its mortgage customers cashback incentives for home energy upgrades.This initiative, named the Halifax Green Living Reward, allows eligible mortgage customers to…
Chevron (CVX) earnings Q2 2024
Chevron missed second-quarter earnings expectations, hurt by lower refining margins as the stock is already under pressure from delays to its pending acquisition of Hess Corporation.Chevron's shares closed 2.67% lower Friday. The oil…
Iberdrola snaps up £5bn UK energy company
Iberdrola has agreed to acquire 88% of Electricity North West (ENW) in the UK for an equity value of £2.1 billion (€2.5 billion).ENW provides electricity to nearly five million people in North West England, including Manchester,…
Dominion looking to connect data center to Connecticut nuclear plant
The Dominion Energy headquarters is pictured on July 6, 2020 in Richmond, Virginia.Zach Gibson | Getty ImagesDominion Energy is exploring the possibility of connecting a data center directly to a nuclear plant in Connecticut, as the tech…
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…