France awards €778 million to first low-carbon hydrogen projects
France will provide production support to three hydrogen projects over 15 years for 161.4 MW of eligible electrolyser capacity. The wider developments proposes at least 415 MW, but large portions of the methanol and fertiliser projects fall outside this funding round. France is concentrating support on industrial uses where direct electrification is difficult and long-term […]
Trump expands voluntary pledge to make data centres fund power infrastructure
A commitment to prevent AI data centres from hiking power bills has seen 23 governors and 187 companies join the US initiative announced late last week. Signatories promise to fund new generation, connections and grid… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Burnham reportedly leans towards Rosebank and Jackdaw approvals
Prime Minister Andy Burnham is reportedly inclined to support both Rosebank and Jackdaw North Sea developments, but no formal decision has been made. Public consultations on Jackdaw and Rosebank remain open until 10 and 17… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
Renewables poised to overtake coal as power sector emissions still rise
Renewable generation is expected to surpass coal globally in 2026 after reaching near parity last year. Electricity demand is forecast to grow by 3.6% this year, while power sector emissions increase by approximately 1%. High gas prices, insufficient system flexibility and rapid demand growth are preventing renewable expansion from translating immediately into falling emissions. Renewables […]
BP closes in on sale of Lightsource to Kuwait-backed consortium
Qualitas Energy and Kuwait Investment Authority-owned Wren House are reportedly in advanced negotiations to acquire solar developer Lightsource from BP. The transaction’s principal financial benefit may come from transferring several billion dollars of debt rather than generating a large cash receipt. A sale would complete BP’s retreat from direct ownership of a renewable power business […]