Australia reaches settlement with French firm to ease ‘Aukus’ tensions June 12, 2022 Australia has reached a settlement with France's Naval Group, as compensation for scuppering a submarine contract with the country.
Octopus Energy locks horns with Centrica over market reforms as bidding war for Bulb lights up June 12, 2022 Two of the UK's biggest energy firms remain at loggerheads over key proposals to fix the industry by ringfencing customer balances.
Energy body urges government to greenlight more gas projects to ensure supply security June 12, 2022 An energy industry body has slammed the government’s rejection of two proposed onshore projects, describing its approach as inconsistent.
Octopus enters race for collapsed supplier Bulb with eleventh hour bid June 11, 2022 Octopus Energy has made a last minute offer for Bulb Energy, establishing a three-way tussle for the UK’s seventh biggest energy supplier.
Exclusive: Protium enjoys record hydrogen funding round to power green ambitions June 10, 2022 Protium has enjoyed the largest ever funding round in the UK for a hydrogen energy company, securing over £40m of investment.
Octopus inks deal for German wind farm as it ramps up European expansion June 9, 2022 Octopus Energy has made its first wind farm investment in Germany, backing a project that could power nearly 40,000 homes.
Ofgem boss tells industry to ‘up your game’ after damning Storm Arwen report June 9, 2022 The Ofgem boss told power firms to "up your game" and "get ready for winter" after the watchdog published a report into Storm Arwen.
Gas prices spike after explosion at US LNG plant leaves Europe scrambling for supplies June 9, 2022 Freeport LNG, which operates the largest US export plants producing LNG, will cease trading for three weeks, raising fears of supply shortages.
Thousands of Brits received ‘unacceptable service’ after Storm Arwen, Ofgem rules June 9, 2022 Electricity networks provided an “unacceptable service” to thousands of customers following Storm Arwen, which left nearly one million homes without power, industry watchdog Ofgem has said. Winds of 100mph caused widespread disruption, uprooted trees and damaged power lines, cutting the electricity supply from November 26 across northern England and Scotland. Power outages lasted for more [...]
Carbon market reforms collapse in EU Parliament with lawmakers divided over climate targets June 8, 2022 The European Parliament was thrown into chaos yesterday after key environmental proposals were voted down by divided lawmakers.