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Energy

Eon º£½ÇÊÓƵ sales fall by more than £800m as energy prices tumble
By City AM
The Coventry-headquartered division of the German group, has reported a turnover of £2.5bn for 2024, down from the £3.3bn it achieved in 2023
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Ofgem approves £24bn investment to upgrade º£½ÇÊÓƵ's energy networks
By City AM
The º£½ÇÊÓƵ energy regulator has approved a £24bn investment to upgrade the º£½ÇÊÓƵ\'s energy infrastructure, as part of the green transition.
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Owner of Lindsey oil refinery owner Prax goes into administration
Insolvency and Administration
State Oil has appointed administrators and a winding up order has been made against three companies at the Prax site.
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Vivergo owner welcomes Government talks over Hull plant
Energy
The firm says closure of facility is not a certainty as it consults with 160 staff
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£1bn Tyneside cable factory partner leaves joint venture, but announces major potential order
Energy
Global Interconnection Group says its South Korean partner is best placed to take forward the job-creating plans
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Tekmar hopeful of stronger second half after slow start sees losses widen
Company Results
The offshore group pointed to signs the offshore wind market is recovering from recent challenges
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FES International acquired by global engineering group Hunting in £50m deal
Deals
Founders Rob Anderson and Ian Latimer will stay with the business for at least year
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Energy costs for thousands of businesses to be cut as PM launches industrial strategy
Energy
Sir Keir Starmer said the plan marks a "turning point for Britain's economy" by supporting key industries where there is potential for growth.
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US giant Apollo to back Hinkley Point C with £4.5bn loan
By City AM
The loan will be provided as unsecured debt to EDF, the French state-owned energy firm delivering the project
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Ofgem announces £96m funding for hydrogen pipeline vision across North of England
Climate Agenda
The funding for the project will go towards engineering, planning and public consultation on proposals
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Successful bidders to deliver two huge floating windfarms in the Celtic Sea revealed
Energy
The Crown Estate has named Equinor and a joint venture between EDF Renewables º£½ÇÊÓƵ and ESB as preferred bidders
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Decision on small modular nuclear reactor site to come later this year
Energy
Rolls-Royce had identified two sites in the North East, until delays hampered the selection process
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Northern areas are 'Goldilocks zones' that are just right for massive energy schemes
Energy
A report from the British Geological Survey highlights eight 'super regions' around the º£½ÇÊÓƵ with the right geological conditions for technologies like carbon capture, geothermal energy and mineral mining
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Nuclear plant Sizewell C to be built after chancellor signs off £14bn for project
Energy
The last time Britain completed a nuclear power station was in 1987
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Wincanton opens huge new Hinkley Point C warehouse, creating 70 jobs
Employment
The company is the official warehouse and transport service partner for the Somerset nuclear power project
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Controversial Somerset solar farm approved despite concerns over land use
Somerset
The installation is expected to supply electricity for more than 3,00 homes a year - but there are worries over sacrificing prime farm land
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Hinkley Point C workforce hits 27,000 as º£½ÇÊÓƵ nuclear power sector grows to £20bn
Energy
The industry has grown by a quarter in three years, according to new research
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Bristol council secures £1.5m to upgrade old buildings in bid to slash emissions
Bristol
Works will include the replacement of heating systems and draught-proofing measures
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New video shows progress at Hinkley Point C nuclear plant
EDF
The Bridgwater project has been hampered by delays since construction began in 2016
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Drax confirms bid for battery investor HEIT has lapsed
Energy
Rival bidder Foresight Group is set to takeover the portfolio of schemes across the country
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SSE slashes investment and warns it won't meet 2030 net zero goal
By City AM
The º£½ÇÊÓƵ's second-largest energy supplier said it will likely miss its target of reaching 50 terawatt-hours of renewable generation output by 2030 as it slashes investment
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British Gas owner sells 46.25% of North Sea gas field stake to Ithaca Energy, boosting shares
By City AM
The deal will see Spirit Energy - a subsidiary of Centrica - offload its 46.25% stake in the site for around £215m to Ithaca Energy
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Tyneside sole trader fined £50,000 for over 194,000 nuisance calls
Energy
The trader behind green energy firm ECO4U has been hit with the fine by the Information Commissioner's Office (ICO)
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Tekmar Group seals deal for work on wind farm off Scottish coast
Deals
The firm has won the contract with Charles Brand, a Belfast based civil engineering business founded 190 years ago.
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