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Energy

National Wealth Fund leads £1.35bn deal for North East renewable energy project
Energy
A project that puts the North East at the heart of the º£½ÇÊÓƵ’s renewable energy infrastructure has been backed by £1.35m from the Government and major banks.
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Ørsted abandons multibillion-pound Hornsea Four wind farm development citing rising costs
Energy
The 180-turbine wind farm had received a Government contract for difference award last year
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Newcastle University team helps Durham University graduate scoop $5m prize for climate tech
Climate Agenda
Jim Mann's business Undo, was supported by Newcastle University in fieldwork proving its carbon capture credentials
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Drax tips earnings to be at the top end of consensus
Energy
The operator of the Selby power plant is expecting adjusted Ebitda of up to £896m
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Port operator PD Ports plans £200m renewable energy development for Teesside
Energy
The plans will involve the construction of a kilometre-long deepwater riverside quay to help accommodate some of the massive vessels involved in offshore energy
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Major Hull offshore industry conference to showcase Humber ambition
Energy
Offshore Wind Connections 2025 takes place against the backdrop of ambitious targets for the industry
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Carbon capture project off North Wales coast that could create 2,000 jobs gets financial backing
Enterprise
The gigantic multi-billion scheme will see CO2 stored under Liverpool Bay
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The key role Siemens Energy's Newcastle base will play in º£½ÇÊÓƵ's energy transition
Energy
North East born boss Darren Davidson started his career at the historic CA Parsons Works site and today leads Siemens Energy's 6,500-strong workforce
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Go-ahead for hydrogen energy plant in Bridgend
Energy
The Welsh Government has removed a holding direction on the project
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VPI as Government for support as it sets out £1.5bn carbon capture plans
Energy
The power producer says it has a plan to help abate one of the most carbon intensive industrial clusters in the country
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Wealthier households could be forced to pay more for their energy bills, says Ofgem
Enterprise
Jonathan Brearley, the boss of the energy regulator, said that people who are out of work or on lower pay would be given a discount
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Gateshead energy app firm equiwatt raises £700,000 for new platform
Deals
The firm's energy management app rewards consumers for switching off appliances at peak time
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Wood Group shares soar more than 13% after £242m Sidara bid
By City AM
The stock had been hammered in the early part of the year after a review by Deloitte found "material weaknesses and failures" across Wood's business, while the company has delayed the publication of its 2024 results
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Parliament recalled to debate emergency measures to save Scunthorpe Steelworks
Industrial
MPs and Lords will return on Saturday amid efforts to keep the British Steel facility open
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Plans for hydrogen firm Lhyfe's Wallsend factory move closer to fruition
Energy
The French firms says its Tyneside scheme is among its most advanced
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Efforts to boost North East-built offshore wind supply chain with grant funding
Energy
An extension to the Technology, Innovation and Green Growth for Offshore Renewables (TIGGOR) programme is being targeted at firms in Newcastle, North Tyneside and Northumberland
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North East and Yorkshire projects shortlisted in Government hydrogen power scheme
Energy
Three projects on Teesside, one in Wallsend near Newcastle, and one on the Yorkshire coast are part of the second Hydrogen Allocation Round
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The Crown Estate in new round of £50m fund to bolster º£½ÇÊÓƵ's offshore windfarm supply chain
Energy
It is also expected to shortly provide an update on the bidding process for three huge floating offshore wind schemes in the Celtic Sea
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Northumbrian Water reveals project to turn poo into sustainable aircraft fuel
Climate Agenda
The water company plans to use its Bran Sands Treatment Works site for the innovative project
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Fears for Scunthorpe steelworks jobs as consultation launched on closure
Yorkshire & Humber
The British Steel site employs thousands of workers and its closure would mark the end of virgin steelmaking in the º£½ÇÊÓƵ
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Drax makes bid for battery energy investor HEIT, valuing it at £200m
Deals
The move follows an offer from Foresight last week
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British Gas owner Centrica slashes CEO Chris O'Shea's pay in half
By City AM
Chris O'Shea, CEO of the British Gas owner, saw his annual pay packet slashed by almost half to £4.3m for the 12 months to 31 December, the company's annual report showed
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Work on £1m Falmouth floating offshore wind facility 'well under way'
South West
The project has been described as 'vital infrastructure investment' for Cornwall
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South West bucks º£½ÇÊÓƵ manufacturing decline as aerospace and defence firms report 'strong' start to 2025
South West
Companies across the region are looking to hire more people as a result of the growth
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