A windfall tax on generators could risk future investment into energy infrastructure, impacting the transition to net zero and prolonging the UK’s reliance on volatile international gas, Energy UK has warned.
The UK must strengthen domestic supply chains and ringfence the crisis of energy suppliers to deliver net zero, new research has found.
The government has appointed Tim Pick as the UK’s first Offshore Wind Champion as it calls for information on how to invest the Floating Offshore Wind Manufacturing Investment Scheme (FLOWMIS).
Nearly a fifth of the government’s total energy technologies investment must be spent on energy storage batteries between 2025 and 2030 to meet renewables targets, Cornwall Insight has said.
A lack of liquidity and insufficient regulation have been identified as two of the biggest barriers for investment in renewables in the UK.
Clean energy firm TagEnergy has secured a €450 million (£376 million) investment to drive the initial delivery of its 2.7GW global pipeline - including projects in the UK.
New plans to invest £1 billion in electric vehicle (EV) charging in the UK over the next ten years have been announced by bp.
Investors are now becoming more comfortable with battery storage, with projects being profitable and cost-effective, according to industry experts.
The UK has ranked first in Europe for total climate tech venture capital (VC) funding between 2013 and the first half of 2021, PwC has found.