Energy Archives - Page 3 of 12

Power Generation News – Early November 2021

Rolls-Royce has announced that following a successful equity raise, the Rolls-Royce Small Modular Reactor (SMR) business has been established, to bring forward and deliver at scale the next generation of low cost, low carbon nuclear power technology. Rolls-Royce Group, BNF Resources UK Limited and Exelon Generation Limited will invest £195m across a period of around three years. The funding will enable the business to secure grant funding of £210 million from UK Research and Innovation funding, first announced by the UK Prime ...

Energy News – Early November 2021

New large-scale floating offshore wind ports and factories are to be built in the UK thanks to government investment, Prime Minister Boris Johnson has announced at the end of October. Developers and manufacturers looking to invest in this emerging industry will be able to bid for a share of up to £160 million in new funding, to kickstart projects across the UK. The newly allocated funding will support the target in the Prime Minister’s Ten Point Plan to deliver 1GW of energy through ...

Power Generation News – Late October 2021

The UK Government has pledged £230m (€272m) in fresh funding for offshore wind in its Autumn Budget. Industry sources said the funding would go towards offshore wind manufacturing, comprising £220m of new funding and the remaining unspent £10m from the UK Government's Offshore Wind Manufacturing Investment Support Scheme. The finance forms part of its £1.4bn Global Britain Investment Fund, which aims to attract foreign investment into the country. In the budget, Chancellor Rishi Sunak also confirmed the £160m investment in offshore wind power hubs. The ...

Energy News – Early October 2021

The world's longest under-sea electricity cable, transferring green power between Norway and the UK, has begun operation. The 450-mile (725km) cable connects Blyth in Northumberland with the Norwegian village of Kvilldal. At full 1,400-megawatt capacity, it will import enough hydro-power to supply 1.4 million homes, National Grid said. National Grid Ventures president Cordi O'Hara said it was a "remarkable feat of engineering. We had to go through mountains, fjords and across the North Sea to make this happen.” https://www.bbc.co.uk/news/uk-england-tyne-58772572

Power Generation News – Early October 2021

Ministers are set to propose switching green levies from electricity to gas, in an effort to encourage the uptake of heat pumps. The proposals, originally reported in the FT, suggest that the shift would be staggered over the course of ten years and would not impact the overall cost of a dual fuel bill. Currently, 23% of the cost of electricity is made up of environmental and social obligation costs, with the costs of numerous decarbonisation programmes funded through the levy. However, gas ...

Power Generation News – Late September 2021

GE Renewable Energy plans to use the world’s largest 3D printer of its type to produce moulds for its Haliade-X offshore wind turbines, shaving months off production times for the giant components and enabling greener local manufacturing. The US-owned OEM has teamed up with Germany’s Fraunhofer Institute for Casting, Composite and Processing Technology, and 3D printer specialist Voxeljet for the “game changing” initiative that aims to print moulds for castings up to 9.5 metres in diameter and weighing more than 60 tonnes. GE ...

Energy News – October 2021

UK’s biggest energy suppliers in need of rescue packages to take on customers of failed rivals The UK has been shaken by the recent news of the energy market crisis. The main reason for the crisis is that wholesale prices of gas have increased by 250% since January, and by 70% since August. This has already put ten energy suppliers out of business. When a supplier fails, Ofgem appoints another more stable provider to take on their customers. However, with more suppliers ...

Energy News – Early September 2021

GE Renewable Energy has received the official planning approval from local authorities for its manufacturing plant in Teesside, UK, where LM Wind Power will operate the facility which will be dedicated to the production of its 107-metre-long blades for GE’s Haliade-X offshore wind turbines. The construction of the blade manufacturing plant is planned to begin later this year, after all contractual documents are finalised. Plans for the new facility were submitted to the local planning authorities this Spring. https://www.offshorewind.biz/2021/09/13/ges-new-blade-manufacturing-plant-in-uk-approved/ The UK has fired up an ...

Energy News – Late August 2021

Thousands of UK homes could soon be warmed using heat generated from electricity grid transformers, which would have otherwise gone to waste. National Grid has forged a partnership with SSE’s Energy Solutions arm to explore how to capture the heat generated by the transformers and redirect it into district heating networks. National Grid owns the transformers while SSE operates a string of district heating network projects across the UK. In total, SSE manages 18 heating and cooling networks, collectively serving more than ...

Power Generation News – Early August 2021

Rolls-Royce has agreed to sell its Bergen Engines business in Norway to Retford-based Langley Holdings in a deal worth £60m. The deal is part of the Derby manufacturer’s plans to dispose on non-core businesses and save £2bn. The sale includes the Bergen Engines factory, service workshop and foundry in Norway; engine and power plant design capability; and a global service network spanning more than seven countries. Bergen Engines employs more than 900 people worldwide including 650 in the main factory in Hordvikneset. Langley ...