Energy

Scottish underground energy storage firm Gravitricity has signed a collaboration agreement with Czech electricity flexibility aggregator Nano Energies to develop commercial routes to market for their gravity storage technology. Last month the Edinburgh storage pioneer unveiled plans to transform the

Prax Exploration & Production has reached an agreement to acquire North Sea oil firm Hurricane Energy in a deal worth £249 million.

Chris Skidmore MP discusses the implications of the Energy Charter Treaty and why the UK should leave it to make progress towards its net zero goals and energy policy. In the Net Zero Review, published earlier this year, I called for the UK to respond to increasing global competition on net zero wit

TLT has advised Santander UK on its multi-million pound funding to global clean energy enterprise, TagEnergy. The funding supports the construction and operation of two landmark battery storage facilities: the 49.9MW/100MWh Roaring Hill development in Fife, Scotland; and the 49MW/98MWH Jamesfield de

Scottish Gas owner Centrica has shown a £3.3 billion operating profit in its preliminary results, following the growing wholesale energy price last year. The energy giant's operating profit grew nearly £2.4bn from £948 million in 2021. This surpassed the previous highest operating

Renewable energy experts from Harper Macleod have now advised on projects generating more than half of Scotland’s renewable electricity. According to the latest statistics from industry body Scottish Renewables, Scotland’s total installed capacity of renewable electricity is just over 12

2022 has seen Energy Specialist Solutions (ESS), a Scottish-based company which operates globally, triple its sales, nearly quadruple its pre-tax profits and expand to America to take advantage of opportunities across the power generation sector. Previously focused primarily on technically complex e

The government's support all households with energy bills over the first three months of 2023 will cost £16 billion in taxpayer money, according to Resolution Foundation analysis. Ofgem revealed yesterday that the annual energy bill of a typical household would have risen to £4,279 betwe

Perth-headquartered energy firm SSE has warned it will have to reconsider its renewables investments after the UK government's newly announced 45% windfall tax. The levy on low carbon electricity generators was unveiled in last week's Autumn Statement with the aim to raise £14 billion in

The UK government has today published details of the Energy Bill Relief Scheme, which will protect businesses from the worst of the current increases in international energy prices, by providing a discount on wholesale gas and electricity prices. The scheme will apply to energy usage from 1st Octobe

Independent energy group Parkmead has announced it will commence drilling in the North Sea Skerryvore oil field after receiving relevant regulatory approval.

Shell has announced that Ben van Beurden will step down as CEO at the end of 2022, and that his successor will be Wael Sawan. The change in leadership comes amid the current energy crisis and as Shell prioritises its future business focus on renewables. The incoming CEO, Mr Sawan, is currently 

Senior oil and gas sector legal experts have highlighted the ‘energy trilemma’ as a key factor increasing the risk of disputes within the industry. The latest Oil and Gas Disputes Survey, conducted by CMS, reports how the impact of increasing social and regulatory pressure for the oil in

An increase revenues of 21% to £62.7 million has been reported by Smart Metering Systems (SMS) in its 2022 interim report for the six months ending 30 June 2022. The company's underlying profit before tax was up 7% from £9.6m to £10.3m for the same period last year. Pre-tax profit

Energy regulator Ofgem has today announced that the price cap for energy bills will increase to £3,549 per year for dual fuel for an average household from 1 October 2022, an 80% increase on February’s price cap. Ofgem said the increase reflects the continued rise in global wholesal