The UK has teamed up with a US laser lab, hoping to develop clean energy from nuclear fusion The new technology uses lasers to compress hydrogen atoms together until they fuse, releasing large amounts of energy. Experiments at The National Ignition Facility (NIF) in the US have been promising, producing huge bursts of energy.
Leaked letter says bills could increase 30%
A letter from the Prime Minister’s Senior Policy Adviser suggests current energy policy could add 30% onto household energy bills. In a letter leaked to the Telegraph, from Prime Minister’s advisers Ben Moxham and Gila Sacks, there are claims 30% increases in household bills could be seen by 2020. Senior Policy Adviser Ben Moxham said claims by the Department of … Read More
Marubeni invests £200m in UK windfarm
Marubeni Corp has become the first Asian company to invest in UK renewable energy. The Japanese conglomerate has invested £200m for a 49.9% share in a UK wind farm owned by Danish renewable firm Dong Energy. Marubeni‘s investment is in the Gunfleet Sands wind farm, located off the Essex coast. The wind farm began full operation last year and produces … Read More
Government invests £6.5m in green engineering
The government has announced a £6.5m investment in the future of green engineering The programme will train students in the design of wind turbine blades, amongst other renewable energy initiatives. Business Secretary Vince Cable said the scheme will help to pay for 50 students to be trained in the most innovative future technologies.
Barclays launches farmers renewables fund
Barclays Bank has launched a £100m renewable energy fund for farmers due to a surge in interest Barclays say research shows more than one third of UK farmers want to install renewable energy projects on their farmland, most of them within a year. Farmers hope to generate average returns of £25,000 pounds per year, Barclays said.
Libyan oil production already on the increase
Libyan rebel leaders have already called workers back into oil refineries and said pre-conflict levels of production could be reached as early as next year. The country’s Transitional National Council (TNC), recently recognised by the United States as the nation’s legitimate governing body, said damage to its oil infrastructure is not as bad as previously feared. The Libyan TNC stated … Read More
Ofgem to investigate big six profits
Energy industry regulator Ofgem has stepped up its investigation into how the top UK energy suppliers make their profits The Office of Gas and Electricity Markets (OFGEM) has hired forensic accountants BDO to scrutinise how the top UK energy suppliers make their profit. BDO will look at the trading profits, wholesale prices and hedging practices at British Gas, E.ON Energy, … Read More
Npower to increase gas and electricity prices
Npower yesterday announced rises in gas and electricity prices which will come into effect later this year. Energy company Npower is to raise gas prices by 15.7% and electricity prices by 7.2% from 1 October. Npower is the fifth of the “big six” UK energy suppliers to announce rises for the coming winter, following Scottish and Southern Energy, Scottish Power, … Read More
North Sea oil leak “substantial” says DECC
Shell gas has announced a ruptured pipeline has spilt a substantial amount of oil into the North Sea The spill, coming from the pipeline leading to the Gannet Alpha oil platform 113 miles (180 km) off Aberdeen, is said to have been releasing oil into the North Sea since last week. The Department of Energy and Climate Change (DECC) said: … Read More
British Gas suspends doorstep sales
British Gas have announced they are to suspend door to door selling for an initial period of 3 months The Centrica owned company has called the practice “outdated”. The decision follows harsh criticism of door to door selling by Consumer Focus.