Cyber security has become more important as a global risk, according to the annual Global Risks Report produced by the World Economic Forum with Marsh&Mclennan and ZurI hope Insurance. It was a standout risk and likely to become still more…

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Electricity from renewables will soon be consistently cheaper than from most fossil fuels, according to the International Renewable Energy Agency (Irena). Its latest report, Renewable Power Generation Costs in 2017,  said: “Already today, and increasingly in the future, many renewable power generation projects…

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Eland Cables, Enertechnos, Brunel University and The Welding Institute have combined in a project to reduce cable losses. The project is supported by a £1 million Innovate UK grant. The new ‘long linear capacitor’ cable technology is dubbed the Capacitive Transfer System…

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UK Power Networks and Open Utility are planning to develop and an online marketplace for local flexibility. The service is planned to launch in spring 2018, at which point flexibility providers will be able to register their assets and start to…

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It will cost the same to self-generate and store power as it will to buy from an energy provider by 2022 in Europe, Ernst and Young have said in a new report. The firm also predicted that electric vehicles would…

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Welsh first minister Carwyn Jones has committed to providing further investment to kick-start the Swansea Bay Tidal Lagoon and is calling on the UK government to give the project the green light. Jones has sent a letter to prime minister Theresa…

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SSE has announced plans for a new CCGT at the Ferrybridge site in Yorkshire. The new plant will be known as Ferrybridge ‘D’  and will have a generating capacity of up to 2,000MW. SSE owned and operated the coal-fired Ferrybridge ‘C’ power…

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Ofgem has confirmed it will guarantee returns for investors in three new Interconnector projects totalling 4.2GW. The three - GridLink (to France), NeuConnect (to Germany) and NorthConnect (to Norway) – will all be able to operate under a ‘cap and floor’…

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E.On has confirmed it will sell its 46.65% stake in spin-off Uniper to Fortum for €22 per share. The  voluntary takeover offer was made on 7 November. When Uniper was spun off from E.On in 2016. 53.35 percent of Uniper stock…

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Toshiba has sold Westinghouse Electric Company, the nuclear company whose plant design is intended for construction in Moorside, Cumbria, to Canadian asset manager Brookfield for $4.6 billion. Westinghouse’s US reactor company is currently in bankruptcy protection after it was hit…

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