In Short : Britain’s National Wealth Fund will lend \$800 million to Iberdrola’s UK unit, ScottishPower, to upgrade the power grid. Part of a £1.35 billion package, the funding will support seven transmission projects, including the Eastern Green Link cables, enhancing renewable energy flow from Scotland to England. The initiative aligns with the UK’s goal […]
UK’s CfD tender may secure only 2 GW of offshore wind, missing savings – EQ Mag
The UK government’s current Contracts for Difference (CfD) auction could secure as little as 2 GW of offshore wind, according to an analysis by New Energy and Climate Intelligence Unit (ECIU). The non-profit organisation argues that UK bill payers will lose out as, due to inflexible Treasury rules, the government is seen to secure less […]
Can we avoid EV charging overload and electrical grid meltdown? – EQ Mag
We discuss future EV charging needs and solutions with EV charging software company, ev.energy During EV : NEXT 2023 [a UK trade show], one of the leading EV smart charging software specialists, ev.energy, highlighted a new EV charging solution. Their new solution has been designed for wide applications – apartments, fleets, and workplaces. It offers […]
UK’s Vedanta Resources cuts gross debt by $1 billion – EQ Mag
BENGALURU : Vedanta Resources Ltd, the parent of Indian resources major Vedanta Ltd on Monday said it has trimmed its gross debt by $1 billion as the firm seeks to allay concerns over its ability to meet financial obligations beyond September. Vedanta Resources has paid all its maturing loans and bonds due in April 2023, […]
Small Modular Reactors Face Numerous Economic Challenges, Development More Difficult than Imagined – EQ Mag
Small Modular Reactors (SMRs), which have garnered much attention in recent years, have once again received mention in the “2022 World Nuclear Industry Status Report”. The report points out that the challenges and cost of SMRs are far greater than what the outside world imagines. Tsai Chung-yue, deputy executive officer of Citizen of the Earth, […]
Cheshire villagers will not be forced to join hydrogen energy trial – EQ Mag
Backlash prompts companies to give residents option of keeping natural gas rather than joining pilot project Energy firms will no longer force people in a village in Cheshire to stop heating and cooking with natural gas and swap to lower-carbon hydrogen after a local backlash to a planned government-backed pilot. British Gas and Cadent had […]
Electric car owners warned of ‘unsafe’ EV charging stations with calls for major changes – EQ Mag
A majority of public electric vehicle charging locations lack basic safety features, according to recent data, which could be putting people off from switching to an EV. Around 87 percent of a sample of the UK’s public charging locations have poor lighting, while a staggering 77 percent do not have security cameras. Following a successful […]
Ambitious fast EV charging network installs award-winning chargers, has BIG plans – EQ Mag
UK EV drivers hope evyve is better at installing chargers than creating brand names Manchester-based EV charging network, Evyve, has set about installing 60 fast chargers, in pursuit of its 10,000-chargers-by-2030 plans. The network aims to spend £25 million in the next two years on fast and ultra-fast charging stations – welcome news to the […]
UK’s Crown Estate to lease seabed sites for six offshore wind projects – EQ Mag
LONDON : Britain’s Crown Estate will lease sites for six offshore wind projects capable of generating enough green electricity to power more than seven million homes by 2030 under agreements announced on Thursday. The UK is one of the world’s largest offshore wind markets, with more than 10 gigawatts (GW) of installed capacity across 38 […]
WEAKNESS OF UK’S ELECTRIC VEHICLE CHARGING INFRASTRUCTURE IS BAD NEWS FOR BIKERS – EQ Mag
The fragility of the UK’s electric vehicle charging infrastructure was highlighted over the Christmas period, which has ramifications for motorcycles. Due to concerns over waiting times to access public charging stations, demands for an increase in the number of available electric vehicle charging stations have increased. The intensification of the demands for an increase in […]