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Energy
Amazon splashes £500m on advanced nuclear power push
Amazon’s Climate Pledge Fund has invested $500 million (£385m) in a financing round for X-energy.The investment will assist with the development of X-energy’s reactor design and licensing and support a fuel fabrication facility in Oak…
Bitcoin hits highest level since July, boosting crypto-related stocks
Avishek Das | Lightrocket | Getty ImagesThe price of bitcoin neared $68,400 on Wednesday, reaching its highest level since July and sparking a rally across the crypto sector.Bitcoin is up more than 9% over the past week and ether is up…
Further action required to support small businesses in achieving net zero
The turbines stopped for good at Ratcliffe-on-Soar, the UK’s last coal-fired power station, on 30 September, marking a significant step in the UK Government’s world-leading policy to phase out coal power, and a major milestone in the…
Google inks deal with nuclear company as data center power demand surges
People take photos in front of a giant Google logo at Google's Bay View campus in Mountain View, California on Aug 13, 2024 where the "Made by Google" media event was held today.Josh Edelson | AFP | Getty ImagesGoogle said Monday that it…
UK unleashes £24bn clean energy investment
The UK Government has announced over £24 billion in private investments for clean energy projects just before the International Investment Summit scheduled for 14th October.This funding is expected to create thousands of jobs in green…
WTI, Brent post small weekly gain
U.S. crude oil on Friday posted its second weekly gain in a row as Israel prepares to retaliate against Iran.The U.S. benchmark and global benchmark Brent gained more than 1% this week. Oil prices have gained more than 10% through…
UK secures £225m investment for Teesside renewables industry
The UK Government has announced a new £225 million investment in Teesside’s renewables sector, made possible through collaboration with Korean investors.UK Export Finance (UKEF) and the Korea Trade Insurance Corporation (K-Sure) have…
Wall Street analysts downgrade Honeywell. We think they’re making a mistake
Honeywell stock received a rare downgrade from JPMorgan on Thursday. It's the first time in more than a decade that analysts at the firm lowered their rating. The news JPMorgan cut Honeywell to neutral from buy, citing concerns about its…
Free EV chargers and discounted charging offered to UK ride-share drivers
A new partnership between Octopus Energy, Uber, and BYD aims to speed up the transition to electric vehicles by providing UK Uber drivers with the “most cost-effective” EV charging bundle available.Announced at Uber’s annual climate…
Florida gas stations are running out of fuel as people flee Hurricane
Nearly 16% of gas stations in Florida had run out of fuel as of late-morning Tuesday as people flee north to escape the path of Hurricane Milton, according to data from GasBuddy.Many stations simply can't keep up with gasoline demand as…