National Grid launches consultation on Western Link 2 to connect Scotland and Wales
National Grid and SP Energy Networks have unveiled plans for Western Link 2, a high‑voltage direct‑current (HVDC) connection capable of transmitting 2 GW of power between Scotland and North Wales. The £3-4 billion project is part of Britain’s Great Grid Upgrade and aims to ease north-south electricity bottlenecks, support offshore wind expansion and reduce constraint […]
Green steel pioneer Stegra secures €1.4 billion for Europe’s first hydrogen‑fuelled plant
Swedish start‑up Stegra has raised a €1.4 billion financing package led by Wallenberg Investments and major investors including Temasek and IMAS to fund Europe’s first commercial hydrogen‑fuelled steel plant. The deal ensures the Boden plant has a fully funded path to completion after cost overruns; Wallenberg will become Stegra’s largest investor and Leif Johansson is […]
Heatwave strains Europe’s power systems and tests UK’s resilience
Europe’s current heatwave is forcing power systems to cut output and raise prices; French nuclear generation has been throttled by 4.1 GW (about 7% of demand) due to hot rivers. Record temperatures above 40°C have led to France’s Brittany region enduring 44.3°C and the UK issuing only its second-ever red extreme heat warning. Reduced hydro and […]
UK’s lagging electrification bumping up energy bills – Climate Change Committee
Britain’s independent Climate Change Committee (CCC) says progress in electrifying homes, transport and industry has slowed, leaving households exposed to volatile fossil fuel prices. Heat pump installations increased by only 7% last year compared with… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Cautious Hormuz reopening tempers oil prices, but risks persist
A ceasefire between the US and Iran has enabled three stranded supertankers and several Qatar‑controlled LNG carriers to transit the Strait of Hormuz, a key shipping lane for oil and gas. At its peak, the… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]