Energy

The Scottish National Investment Bank has invested £20 million in Renewco Power, a Glasgow-headquartered renewable energy developer, via a fund managed by Corran Capital, a specialist private equity firm focused on clean energy and the environment. The bank joins existing investor, SSE plc, wh

A Scottish clean-tech company developing small modular wind turbines that can be deployed in almost any location has secured £865,000 in seed funding, led by TRICAPITAL Angels. Myriad Wind Energy Systems, based in Stirling, has developed a patented, crane-free wind technology designed to open

Celtic Renewables, the breakthrough Scottish green chemicals firm, has secured £6.23 million in new funding from the Scottish Government to scale its business producing green chemicals made from by-products and waste from the food and drink industry. Celtic Renewables will put the funding towa

Orbital Marine Power Ltd, the Scotland-based operator of the world’s most powerful tidal turbine, has secured a multi-million pound investment to advance its international commercial projects and contribute to the wider decarbonisation of energy.

More than 6,000 companies, business leaders and workers have signed up to a campaign calling on the UK government to fast-track its new North Sea fiscal regime and avert tens of thousands of “avoidable” job losses.  The decision by Chancellor Rachel Reeves to extend the Energy Profi

A large offshore oil and gas company has been sentenced and fined £560,000 after failing to properly maintain pipework for seven years. Pipework on Shell UK's Brent Charlie platform in the North Sea deteriorated to such an extent that contained hydrocarbon fluids escaped, forming a potentially

A renewable energy start-up is preparing to capture opportunities in the fast-growing green hydrogen sector – projected to be worth $230 billion (c. £175bn) globally by 2032 – after receiving support from Business Gateway and through the East Renfrewshire Accelerator (ERA) Programm

Perth-based energy giant SSE bolstered investors' confidence with a £33 billion plan to upgrade the UK's electricity network, a move the company says will support thousands of jobs.

Three of the UK’s most influential business organisations have made a rare joint intervention, urging Chancellor Rachel Reeves to abolish the Energy Profits Levy (EPL). The British Chambers of Commerce, Scottish Chambers of Commerce, and Aberdeen & Grampian Chamber of Commerce (AGCC) have

Chancellor Rachel Reeves is reportedly considering a plan to end the windfall tax on North Sea oil and gas producers one year ahead of schedule. The proposal, under discussion ahead of the upcoming Budget, would see the Energy Profits Levy scrapped in March 2029 rather than 2030, Financial Times rep

Nort Sea oil and energy services firm Petrofac has entered administration – a “stark warning” of a wider crisis facing the North Sea supply chain, according to industry experts. The move, which puts thousands of jobs at risk, has intensified calls for urgent government action to st

Thousands of North Sea oil and gas workers are set to receive support to transition into the sustainable energy sector, following an £18 million funding boost.

Law firm CMS will host a free-to-attend event later this month focused on key issues affecting renewable energy projects across Scotland. The Future of Renewables seminar will feature leading industry experts covering some of the major challenges and opportunities facing renewable energy developers.

Renewable energy developer Apatura plans to develop a £3.9 billion AI energy campus on the former Ravenscraig steelworks site, which could bring more than 2000 jobs to the area. 

Danish materials technology firm Y-MatTec A/S has announced the Port of Montrose as its preferred location for a new UK production facility. The facility will produce DNV type-approved structural grouts, a specialist material essential for the foundations of offshore wind turbines. By establishing a